signal strength 1 of 5
The Bearish pennant pattern has formed on the #MA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 466.76; the projection of the flagpole height is equal to 3098 pips. In case the price breaks out the pattern’s bottom of 466.76, the downtrend is expected to continue for further level 466.61.
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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- EURNZD
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The USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3941, the Neckline and the upward angle are at 1.3919/1.3917. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4891/0.4896 and upper border is 0.4901/0.4896. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The EURNZD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.9070, the Neckline and the upward angle are at 1.9037/1.9038. The formation
The M5 and M15 time frames may have more false entry points.
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