signal strength 2 of 5
The Bearish pennant pattern has formed on the GBPCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0670; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 1.0670, the downtrend is expected to continue for further level 1.0647.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Pennant
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- Triple top
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According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3344 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8333/0.8349 whereas the upper border goes across 0.8361/0.8349
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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