signal strength 1 of 5
The Bullish pennant pattern is formed on the AUDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5547, a further uptrend is possible.
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 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 0.5310
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the USDCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -4
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.3574; the lower boundary is 1.3558. The width of the pattern is 17 points. In case
The M5 and M15 time frames may have more false entry points.
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