signal strength 1 of 5

The Bearish pennant pattern has formed on the EURNZD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.9357 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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Triple Bottom pattern has been formed on AUDUSD M15. It has the following characteristics: resistance level 0.6537/0.6526; support level 0.6517/0.6511; the width is 20 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to M15, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8960/0.8956 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish Flag pattern has been formed on AUDCHF at M30. The lower boundary of the pattern is located at 0.5236/0.5230, while the higher boundary lies at 0.5242/0.5236. The projection
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