signal strength 1 of 5
The Bearish pennant pattern has formed on the GOLD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 3342.42 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.
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- Pennant
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.64; the lower boundary 36.48; the width of the pattern 155 points
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5251; the lower boundary 0.5243; the width of the pattern 8 points
The M5 and M15 time frames may have more false entry points.
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On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8014; the lower boundary 0.8007; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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