signal strength 4 of 5
The Bearish pennant pattern has formed on the NZDCAD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8194 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
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On the chart of NZDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.26; the lower boundary 87.11; the width of the pattern 15 points
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The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 87.11
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart NZDJPY M15 which signals that the upward trend will continue. Signals: а break of the peak at 87.28 may push
The M5 and M15 time frames may have more false entry points.
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