signal strength 2 of 5
The Bearish pennant pattern has formed on the GBPUSD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.3398 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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- AUDCHF
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- GBPCHF
- GBPJPY
- GBPUSD
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The Double Bottom pattern has been formed on GBPJPY M15; the upper boundary is 199.10; the lower boundary is 198.75. The width of the pattern is 32 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2.0481
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3433/1.3439 and upper border is 1.3447/1.3439. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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