signal strength 2 of 5
The Bearish pennant pattern has formed on the GBPAUD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0746 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.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5867; the lower boundary is 0.5855. The width of the pattern is 11 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8226; the lower boundary is 0.8200. The width of the pattern is 26 points. In case
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 USDCAD M5. Characteristics: the upper boundary 1.4002; the lower boundary 1.3990; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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