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 1.3748; the projection of the flagpole height is equal to 36 pips. In case the price breaks out the pattern’s bottom of 1.3748, the downtrend is expected to continue for further level 1.3733.
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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
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- EURRUB
- EURUSD
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- GBPJPY
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- USDCAD
- USDCHF
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- USDRUB
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According to the chart of M15, AUDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8974 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCHF M15. It has the following characteristics: resistance level 0.5254/0.5251; support level 0.5240/0.5241; the width is 14 points. In the event
The M5 and M15 time frames may have more false entry points.
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