signal strength 2 of 5
According to the chart of M15, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6510 while the median line of the Neck is found at 0.6489/0.6491. 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 AUDUSD will go towards 0.6468.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #KO
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- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPJPY
- GBPUSD
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- NZDCHF
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- NZDUSD
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- M15
- M30
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The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0635/2.0615; support level 2.0604/2.0605; the width is 31 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the #Bitcoin H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6027 - 0.0000
The M5 and M15 time frames may have more false entry points.
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