signal strength 2 of 5
According to the chart of M15, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8257 while the median line of the Neck is found at 0.8238/0.8247. 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 NZDCAD will go towards 0.8280
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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The Triple Top pattern has formed on the chart of the SILVER M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -60, support level -90
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 USDJPY M5. Characteristics: the upper boundary 144.20; the lower boundary 144.03; 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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According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4935/0.4952 whereas the upper border goes across 0.4969/0.4952
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