signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0869 while the median line of the Neck is found at 2.0832/2.0830. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 2.0815.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Head and Shoulders
- Pennant
- Rectangle
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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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The Bearish pennant pattern has formed on the EURCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.5727; the projection
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on SILVER M30. Characteristics: the support level 36.20; the resistance level 36.38; the width of the pattern 190 points. If the resistance level
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The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 145.78; the lower boundary 145.36; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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