signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5564; the projection of the flagpole height is equal to 40 pips. In case the price breaks out the pattern’s bottom of 0.5564, the downtrend is expected to continue for further level 0.5541.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- 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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- M5
- M15
- M30
- H1
- D1
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- Buy
- Sale
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According to the chart of M15, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3591 and support 1.3576
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3589; the lower boundary 1.3576; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.1586; the lower boundary 1.1576; the width of the pattern is 9 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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