signal strength 4 of 5
According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found at 0.6220/0.6291. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6355
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
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- #NTDOY
- #PEP
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- #TWTR
- AUDCAD
- AUDCHF
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- AUDUSD
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- EURJPY
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- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0577
The M5 and M15 time frames may have more false entry points.
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On the chart of the NZDJPY H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Triple Top pattern has formed on the chart of the AUDCHF H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -17
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