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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- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- 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
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On the chart of the #MSFT M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 188.62
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0711; the resistance level 2.0861; the width of the pattern 150 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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