signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPAUD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 2.0721; the projection of the flagpole height is equal to 52 pips. In case the price breaks out the pattern’s bottom of 2.0721, the downtrend is expected to continue for further level 2.0706.
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 Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9343; the resistance level 0.9349; the width of the pattern 6 points. If the resistance level
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 M5; the upper boundary is 1.3631; the lower boundary is 1.3609. The width of the pattern is 22 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0950
The M5 and M15 time frames may have more false entry points.
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