signal strength 1 of 5
The Bullish pennant signal – Trading instrument EURCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.5638, 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 reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 3039.42; the lower boundary 3037.61; the width of the pattern is 194 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2.0412 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.8793/0.8781, while the higher boundary lies at 0.8803/0.8791. The projection
The M5 and M15 time frames may have more false entry points.
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