signal strength 3 of 5
The EURGBP M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8522, the Neckline and the upward angle are at 0.8471/0.8475. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURGBP will go towards 0.8445.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
- USDCHF
- USDJPY
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The Triple Bottom pattern has been formed on EURCAD M5. It has the following characteristics: resistance level 1.5771/1.5752; support level 1.5748/1.5738; the width is 23 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.1026/1.1032 while the upper boundary lies at 1.1030/1.1036. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1026 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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