signal strength 2 of 5
The Bearish pennant pattern has formed on the #AMZN M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 183.52 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
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- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- EURCAD
- EURCHF
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- EURJPY
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- EURRUB
- EURUSD
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- GBPJPY
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The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 166.83; the lower boundary 166.64; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105573.40; the lower boundary 104400.15; the width of the pattern 117325 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 166.83 and support 166.64
The M5 and M15 time frames may have more false entry points.
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