signal strength 1 of 5
The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3748; the projection of the flagpole height is equal to 36 pips. In case the price breaks out the pattern’s bottom of 1.3748, the downtrend is expected to continue for further level 1.3733.
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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The Triple Top pattern has formed on the chart of the AUDCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -8
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According to the chart of H1, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 96.11 - 0.00
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The GBPCHF M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.0941, the Neckline and the upward angle are at 1.0921/1.0924. The formation
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