signal strength 1 of 5
According to the chart of M5, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.8841 while the median line of the Neck is found at 0.8835/0.8835. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8820.
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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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8555; the lower boundary 0.8495; the width of the pattern 60 points
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 3009.08/2992.38; support level 2976.74/2972.63; the width is 3234 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7904 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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