signal strength 1 of 5

According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0869 while the median line of the Neck is found at 2.0832/2.0830. 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 GBPAUD will go towards 2.0815.
The M5 and M15 time frames may have more false entry points.
See Also
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The GBPUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3526, the Neckline and the upward angle are at 1.3457/1.3464. The formation
Open chart in a new windowThe AUDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9223, the Neckline and the upward angle are at 0.9212/0.9211. The formation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on GBPCHF D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
Open chart in a new window