was formed on 06.05 at 06:45:50 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8511 while the median line of the Neck is found at 0.8501/0.8508. 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 EURGBP will go towards 0.8526
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
