signal strength 1 of 5
The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3715; the projection of the flagpole height is equal to 16 pips. In case the price breaks out the pattern’s bottom of 1.3715, the downtrend is expected to continue for further level 1.3700.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8145; the lower boundary is 0.8138. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 198.59; the resistance level 198.72; the width of the pattern 13 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4776 is likely to encourage a continuation
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