Head and Shoulders
was formed on 14.08 at 04:50:21 (UTC+0)
signal strength 1 of 5
According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4818 while the median line of the Neck is found at 0.4811/0.4811. 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 NZDCHF will go towards 0.4796.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
