signal strength 1 of 5
The NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 85.95, the Neckline and the upward angle are at 85.69/85.68. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDJPY will go towards 85.53.
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 Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5951; the lower boundary is 0.5943. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6399; the resistance level 0.6405; the width of the pattern 6 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the USDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -4
The M5 and M15 time frames may have more false entry points.
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