signal strength 4 of 5

The Bearish pennant pattern has formed on the USDJPY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 144.82; the projection of the flagpole height is equal to 117 pips. In case the price breaks out the pattern’s bottom of 144.82, the downtrend is expected to continue for further level 144.42.
See Also
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- Flag
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- Pennant
- Rectangle
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- Triple top
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDJPY M5. Forecast: if the price breaks above the pattern high at 144.18, then
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish pennant signal – Trading instrument USDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 144.18, with the prospect
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of NZDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.00; the lower boundary 86.53; the width of the pattern 47 points
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