signal strength 1 of 5
The Bullish pennant signal – Trading instrument NZDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 85.60, with the prospect of the next move being a projection 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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According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 84.21 and 83.88 are the coordinates
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4976/0.5167 whereas the upper border goes across 0.5310/0.5167
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The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5826
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