signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of GOLD M5. There are weighty reasons to suggest that the price will surpass the Neckline 3473.12/3476.36 after the right shoulder has been formed. So, the trend is set to change with the price heading for 3476.21.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bearish pennant pattern has formed on the EURNZD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.9008; the projection
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5941; the lower boundary 0.5934; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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