Stay 
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
Discover Forex chart patterns, signals, and trading strategies on InstaForex.
Head and Shoulders
was formed on 23.07 at 05:31:19 (UTC+0)
signal strength 3 of 5
was formed on 23.07 at 05:31:19 (UTC+0)
signal strength 3 of 5
The Head and Shoulders pattern has formed on the EURCHF M30 chart. The head high is at 1.0793, while the neckline passes through 1.0741/1.0748. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.
Figure
Instrument
Timeframe
Trend
Signal Strength
