was formed on 27.12 at 23:30:17 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 164.59/164.60 after the right shoulder has been formed. So, the trend is set to change with the price heading for 164.45.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
