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FX.co ★ NZDCHF M15: Inverse Head and Shoulder

NZDCHF M15: Inverse Head and Shoulder

Inverse Head and ShoulderAccording to the chart of M15, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6415 while the median line of the Neck is found at 0.6387/0.6407. 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 NZDCHF will go towards 0.6438
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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