signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5526 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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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5377; the lower boundary is 0.5369. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8253, the lower border is 0.8221. The signal means
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The Double Bottom pattern has been formed on EURJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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