signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the NZDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.5061.
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 USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.4295, the Neckline and the upward angle are at 1.4237/1.4245. The formation
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on USDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8450
The M5 and M15 time frames may have more false entry points.
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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 0.5149
The M5 and M15 time frames may have more false entry points.
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