signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPAUD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0922; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 2.0922, the downtrend is expected to continue for further level 2.0907.
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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The Triple Bottom pattern has formed on the chart of the EURGBP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5349, the lower border is 0.5342. The signal means
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart EURCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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