signal strength 4 of 5
The Bearish pennant pattern has formed on the NZDCAD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8194 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.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- #INTC
- #KO
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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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- M5
- M15
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The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5650; the lower boundary 1.5644; the width of the pattern is 7 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6026/0.6043 whereas the upper border goes across 0.6061/0.6043
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6535/0.6520
The M5 and M15 time frames may have more false entry points.
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