signal strength 3 of 5
The GBPAUD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 2.0897, the Neckline and the upward angle are at 2.0818/2.0818. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPAUD will go towards 2.0788.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The AUDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6563, the Neckline and the upward angle are at 0.6548/0.6549. The formation
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3564
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3577; the lower boundary 1.3564; the width of the pattern is 14 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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