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id
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Platform Trading
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Head and Shoulders
was formed on 21.10 at 23:00:20 (UTC+0)
signal strength 1 of 5

Head and Shoulders NZDCHF M5

According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4571 while the median line of the Neck is found at 0.4566/0.4566. 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 NZDCHF will go towards 0.4551.

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

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