signal strength 3 of 5
According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8269 while the median line of the Neck is found at 0.8230/0.8243. 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 NZDCAD will go towards 0.8299
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- 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
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- M5
- M15
- M30
- H1
- D1
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- Buy
- Sale
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- 5
On the chart of AUDUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6496; the lower boundary 0.6473; the width of the pattern 23 points
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1510
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The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5303; the lower boundary 0.5280; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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