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Inverse Head and Shoulder
was formed on 01.05 at 08:45:27 (UTC+0)
signal strength 1 of 5

Inverse Head and Shoulder GBPUSD M5

According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3299 while the median line of the Neck is found at 1.3278/1.3292. 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 GBPUSD will go towards 1.3314

The M5 and M15 time frames may have more false entry points.

واپس
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