signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6272; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 0.6272, the downtrend is expected to continue for further level 0.6249.
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
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The Double Bottom pattern has been formed on NZDCHF H1. Characteristics: the support level 0.4917; the resistance level 0.4981; the width of the pattern 64 points. If the resistance level
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The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5291
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart EURCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9410 may push
The M5 and M15 time frames may have more false entry points.
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