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
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- Flag
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- Pennant
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- Triple top
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The Bearish pennant pattern has formed on the AUDJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 95.03; the projection
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 GBPAUD M15. Characteristics: the upper boundary 2.0545; the lower boundary 2.0503; the width of the pattern is 39 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPCHF M15. Features of the pattern: The lower line of the pattern has coordinates 1.0700 with the upper limit 1.0700/1.0686
The M5 and M15 time frames may have more false entry points.
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