signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5564; the projection of the flagpole height is equal to 40 pips. In case the price breaks out the pattern’s bottom of 0.5564, the downtrend is expected to continue for further level 0.5541.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3320; the lower boundary 1.3308; the width of the pattern is 12 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8869, the lower border is 0.8847. The signal means
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According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8869 and support 0.8847
The M5 and M15 time frames may have more false entry points.
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