signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.3637, a trader will be able to successfully enter the sell position.
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3457 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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According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.6415 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.1000/2.0941
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