signal strength 1 of 5
According to the chart of M5, AUDCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8985 while the median line of the Neck is set at 0.8996/0.8994. 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 AUDCAD will go towards 0.9009.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0962; the lower boundary is 2.0912. The width of the pattern is 51 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on USDJPY H1. It has the following characteristics: resistance level 146.52/146.42; support level 145.21/145.32; the width is 131 points. In the event
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According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 146.30/146.17 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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