signal strength 1 of 5
The Bearish pennant pattern has formed on the NZDUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5728 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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The technical pattern called Head and Shoulders has appeared on the chart of EURUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.1667/1.1675 after
The M5 and M15 time frames may have more false entry points.
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The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.6055, the Neckline and the upward angle are at 1.6015/1.6019. The formation
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 198.57; the lower boundary 197.98; the width of the pattern 59 points
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