signal strength 4 of 5
According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found at 0.6220/0.6291. 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 AUDUSD will go towards 0.6355
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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- #FB
- #GOOG
- #INTC
- #KO
- #MA
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- #PEP
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
- M30
- H1
- D1
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According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8250/0.8261 whereas the upper border goes across 0.8269/0.8261
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.8888; the lower boundary 0.8871; the width of the pattern is 16 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8872
The M5 and M15 time frames may have more false entry points.
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