signal strength 1 of 5
The Bullish pennant signal – Trading instrument AUDUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6474, with the prospect of the next move being a projection of the flagpole height.
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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- EURCAD
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- EURGBP
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- GBPAUD
- GBPCHF
- GBPJPY
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- NZDCAD
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- M5
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0418; the resistance level 2.0447; the width of the pattern 29 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0724
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3481
The M5 and M15 time frames may have more false entry points.
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