signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 194.35; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 194.35, the downtrend is expected to continue for further level 194.20.
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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According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6574/0.6570
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the GBPJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the NZDCHF H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
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