signal strength 1 of 5
The Bearish pennant pattern has formed on the NZDCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8217 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.
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
According to the chart of M5, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8833 and support 0.8817
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
On the chart of #PEP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 135.97; the lower boundary 133.07; the width of the pattern 290 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Top reversal pattern has been formed on #PEP M15. Characteristics: the upper boundary 136.11; the lower boundary 133.07; the width of the pattern is 290 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
