signal strength 1 of 5
According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6402 while the median line of the Neck is set at 0.6415/0.6416. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6431.
The M5 and M15 time frames may have more false entry points.
See Also
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According to the chart of H1, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 85.24
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According to the chart of H1, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 92.94, the lower border is 92.44. The signal means
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According to the chart of M30, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 85.24
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