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 2.0721; the projection of the flagpole height is equal to 52 pips. In case the price breaks out the pattern’s bottom of 2.0721, the downtrend is expected to continue for further level 2.0706.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
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- AUDCAD
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The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8903
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6036 and support 0.6026
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.6519; the lower boundary 0.6508; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new window