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Inverse Head and Shoulder
was formed on 09.04 at 15:44:50 (UTC+0)
signal strength 1 of 5

Inverse Head and Shoulder EURJPY M5

According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 160.29 while the median line of the Neck is found at 159.45/159.79. 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 EURJPY will go towards 160.44

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

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