signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6356; the projection of the flagpole height is equal to 20 pips. In case the price breaks out the pattern’s bottom of 0.6356, the downtrend is expected to continue for further level 0.6334.
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 the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5260/0.5287 whereas the upper border goes across 0.5316/0.5287
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The Double Bottom pattern has been formed on NZDJPY M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Double Top pattern has been formed on GBPAUD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0835
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