signal strength 1 of 5
The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3715; the projection of the flagpole height is equal to 16 pips. In case the price breaks out the pattern’s bottom of 1.3715, the downtrend is expected to continue for further level 1.3700.
The M5 and M15 time frames may have more false entry points.
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According 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.
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The 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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The Bullish pennant pattern is formed on the AUDCHF M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
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