The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M15: Head and Shoulders
Signal strength 2 of 5
GBPUSD M15: Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.2665/1.2666 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.2644.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction