signal strength 1 of 5
The Bearish pennant pattern has formed on the NZDCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8217 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.
The M5 and M15 time frames may have more false entry points.
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- 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
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The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9361; the resistance level 0.9382; the width of the pattern 21 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 32.66; the lower boundary 32.51; the width of the pattern 150 points
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According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4890/0.4907 and upper border is 0.4926/0.4907. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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