signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 194.35; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 194.35, the downtrend is expected to continue for further level 194.20.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- Rectangle
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- Triple top
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- 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
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According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 94.21 - 0.00
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8949; the lower boundary 0.8925; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, EURGBP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8554, the lower border is 0.8538. The signal means
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