signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 96.50/96.53 after the right shoulder has been formed. So, the trend is set to change with the price heading for 96.38.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 86.35; the resistance level 86.60; the width of the pattern 25 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8098; the resistance level 0.8118; the width of the pattern 20 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6478; the resistance level 0.6485; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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