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.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- EURNZD
- EURRUB
- EURUSD
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According to the chart of M15, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1378/1.1361
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on USDCHF at M15. The lower boundary of the pattern is located at 0.8206/0.8222 while the upper boundary lies at 0.8224/0.8240. The projection
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the USDCHF M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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