signal strength 1 of 5
According to the chart of M5, EURGBP formed the Head and Shoulders pattern. The Head’s top is set at 0.8636 while the median line of the Neck is found at 0.8624/0.8624. 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 EURGBP will go towards 0.8609.
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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- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- 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
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
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The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0724; the lower boundary 2.0710; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #NTDOY D1. Forecast: if the price breaks above the pattern high at 24.49, then
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The Bullish pennant signal – Trading instrument #NTDOY D1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 24.49, with the prospect
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