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Head and Shoulders
was formed on 07.04 at 16:09:55 (UTC+0)
signal strength 1 of 5

Head and Shoulders AUDCAD M5

According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8678 while the median line of the Neck is found at 0.8595/0.8604. 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 AUDCAD will go towards 0.8589.

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

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