signal strength 2 of 5
The Bullish pennant pattern is formed on the EURCAD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.5701, a further uptrend is possible.
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
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- GBPJPY
- GBPUSD
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According to M5, GBPUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.3310/1.3310 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3304
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD H1. Characteristics: the support level 2.0243; the resistance level 2.0320; the width of the pattern 77 points. If the resistance level
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