signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of #NTDOY M5. There are weighty reasons to suggest that the price will surpass the Neckline 22.12/22.12 after the right shoulder has been formed. So, the trend is set to change with the price heading for 21.97.
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 NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 88.09, the Neckline and the upward angle are at 87.88/87.91. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0555/2.0594 whereas the upper border goes across 2.0628/2.0594
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The Bullish Flag pattern has been formed on GBPJPY at H1. The lower boundary of the pattern is located at 198.39/197.95, while the higher boundary lies at 198.89/198.45. The projection
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