signal strength 2 of 5
The Bullish pennant signal – Trading instrument GBPUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3375, with the prospect of the next move being a projection of the flagpole height.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
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- 5
The Double Top pattern has been formed on SILVER M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 33.38
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The Double Bottom pattern has been formed on EURNZD M30. Characteristics: the support level 1.8964; the resistance level 1.8997; the width of the pattern 33 points. If the resistance level
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On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.49; the lower boundary 33.38; the width of the pattern 115 points
The M5 and M15 time frames may have more false entry points.
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