signal strength 1 of 5
According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6415 while the median line of the Neck is set at 0.6425/0.6427. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6442.
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96.49
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 87.01 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 199.47; the lower boundary 199.18; the width of the pattern is 28 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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