signal strength 2 of 5
According to the chart of M15, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 2.0613 while the median line of the Neck is found at 2.0569/2.0595. 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 GBPAUD will go towards 2.0635
The M5 and M15 time frames may have more false entry points.
See Also
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According to the chart of H1, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 145.21
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5530; the resistance level 1.5561; the width of the pattern 31 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5676
The M5 and M15 time frames may have more false entry points.
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