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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
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- USDJPY
- USDRUB
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According to the chart of M5, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 32.56 and support 32.52
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1094; the lower boundary 1.1083; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5841 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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