signal strength 1 of 5
The Bullish pennant signal – Trading instrument NZDCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8304, with the prospect of the next move being a projection of the flagpole height.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- 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
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
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The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.60
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of GBPAUD H1. There are weighty reasons to suggest that the price will surpass the Neckline 2.0248/2.0245 after
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On the chart of AUDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5242; the lower boundary 0.5231; the width of the pattern 11 points
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