signal strength 2 of 5
The Bearish pennant pattern has formed on the AUDCHF M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5219 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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
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- NZDCHF
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- NZDUSD
- SILVER
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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 87.11
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart NZDJPY M15 which signals that the upward trend will continue. Signals: а break of the peak at 87.28 may push
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant graphic pattern has formed on the NZDJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks
The M5 and M15 time frames may have more false entry points.
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