Inverse Head and Shoulder
was formed on 02.10 at 05:00:24 (UTC+0)
signal strength 3 of 5
According to the chart of M30, AUDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 97.30 while the median line of the Neck is found at 96.97/97.09. 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 AUDJPY will go towards 97.60
Figure
Instrument
Timeframe
Trend
Signal Strength