signal strength 1 of 5
According to the chart of M5, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8436 while the median line of the Neck is found at 0.8358/0.8401. 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 USDCHF will go towards 0.8451
The M5 and M15 time frames may have more false entry points.
See Also
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The Double Bottom pattern has been formed on #AMZN M5. Characteristics: the support level 200.37; the resistance level 201.93; the width of the pattern 156 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 451.84; the resistance level 454.67; the width of the pattern 283 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, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.5670 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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