signal strength 1 of 5
The Bearish pennant pattern has formed on the #NTDOY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 20.26; the projection of the flagpole height is equal to 78 pips. In case the price breaks out the pattern’s bottom of 20.26, the downtrend is expected to continue for further level 20.11.
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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According to M5, AUDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 94.20/94.21 is broken out, the instrument is likely to move toward
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 EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.94
The M5 and M15 time frames may have more false entry points.
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