signal strength 2 of 5
According to M15, EURJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 166.38/166.37 is broken out, the instrument is likely to move toward 166.60.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
- Rectangle
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- Triple top
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On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5664; the lower boundary 0.5651; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5651
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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