signal strength 3 of 5
The Bearish pennant pattern has formed on the EURJPY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 162.05; the projection of the flagpole height is equal to 88 pips. In case the price breaks out the pattern’s bottom of 162.05, the downtrend is expected to continue for further level 161.75.
See Also
- All
- 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
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
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According to the chart of M5, AUDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5376
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURGBP M15. Characteristics: the support level 0.8419; the resistance level 0.8429; the width of the pattern 10 points. If the resistance level
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 EURCAD M5. Characteristics: the upper boundary 1.5574; the lower boundary 1.5552; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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