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Head and Shoulders
was formed on 26.06 at 08:15:14 (UTC+0)
signal strength 2 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.1667/1.1675 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.1652.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
