signal strength 2 of 5
The Bearish pennant pattern has formed on the USDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 140.89 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 Top pattern has been formed on NZDUSD D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5888
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According to the chart of M5, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3247 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 146.19 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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