signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found at 84.85/84.91. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 85.15
The M5 and M15 time frames may have more false entry points.
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- Triple top
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According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1059 and 1.1030 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.57
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The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.57
The M5 and M15 time frames may have more false entry points.
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