signal strength 1 of 5
The Bullish pennant pattern is formed on the USDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.3876, a further uptrend is possible.
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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According to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0344, the lower border is 2.0290. The signal means
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0290
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9155 and 0.9138 are the coordinates
The M5 and M15 time frames may have more false entry points.
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