signal strength 1 of 5
According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1015 while the median line of the Neck is found at 1.0998/1.0998. 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 GBPCHF will go towards 1.0983.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
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- Triple top
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On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3364.57; the lower boundary 3351.31; the width of the pattern 1326 points
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 M15. Characteristics: the support level 34.37; the resistance level 34.49; the width of the pattern 120 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 3372.11 and 3342.24 are the coordinates
The M5 and M15 time frames may have more false entry points.
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