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Inverse Head and Shoulder
was formed on 12.06 at 12:30:08 (UTC+0)
signal strength 2 of 5

Inverse Head and Shoulder NZDCAD M15

According to the chart of M15, NZDCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8207 while the median line of the Neck is set at 0.8243/0.8240. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCAD will go towards 0.8263.

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

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