signal strength 1 of 5

The Bearish pennant pattern has formed on the SILVER M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 32.23 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 Double Bottom pattern has been formed on NZDCAD H1; the upper boundary is 0.8239; the lower boundary is 0.8222. The width of the pattern is 19 points. In case
Open chart in a new windowThe Double Top reversal pattern has been formed on USDCHF H1. Characteristics: the upper boundary 0.8246; the lower boundary 0.8227; the width of the pattern is 21 points. Sell trades
Open chart in a new windowAccording to the chart of M30, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 194.99, the lower border is 194.50. The signal means
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