signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 92.44; the projection of the flagpole height is equal to 31 pips. In case the price breaks out the pattern’s bottom of 92.44, the downtrend is expected to continue for further level 92.29.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of GBPUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3749; the lower boundary 1.3719; the width of the pattern 30 points
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According to the chart of M15, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 3281.38
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 3290.62, the lower border is 3281.38. The signal means
The M5 and M15 time frames may have more false entry points.
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