signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8881; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 0.8881, the downtrend is expected to continue for further level 0.8866.
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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- AUDCAD
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- EURGBP
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According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0628, the lower border is 2.0594. The signal means
The M5 and M15 time frames may have more false entry points.
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The NZDUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5969, the Neckline and the upward angle are at 0.5955/0.5956. The formation
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 AUDCAD M15. Characteristics: the upper boundary 0.8964; the lower boundary 0.8954; the width of the pattern is 9 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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