signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 86.11 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance 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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The Bullish pennant graphic pattern has formed on the GOLD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GBPUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -2
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 143.78; the lower boundary is 143.65. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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