signal strength 2 of 5
The Bearish pennant pattern has formed on the GBPUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3467; the projection of the flagpole height is equal to 42 pips. In case the price breaks out the pattern’s bottom of 1.3467, the downtrend is expected to continue for further level 1.3444.
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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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8005; the lower boundary 0.7977; the width of the pattern 28 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 167.88 is breached. Here
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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 87.61/87.50
The M5 and M15 time frames may have more false entry points.
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