signal strength 3 of 5
According to the chart of M30, AUDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5043 while the median line of the Neck is set at 0.5120/0.5113. 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 AUDCHF will go towards 0.5143.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- Triple top
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The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.1119; the lower boundary 1.1105; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to M5, NZDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 85.49/85.47 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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The Triple Top pattern has formed on the chart of the EURCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -2
The M5 and M15 time frames may have more false entry points.
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