signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5125; the projection of the flagpole height is equal to 80 pips. In case the price breaks out the pattern’s bottom of 0.5125, the downtrend is expected to continue for further level 0.5102.
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 Bullish pennant signal – Trading instrument GBPCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0811, with the prospect
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0734; the resistance level 2.0762; the width of the pattern 28 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPAUD M15. Characteristics: the upper boundary 2.0760; the lower boundary 2.0734; the width of the pattern is 28 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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