signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 191.18, a trader will be able to successfully enter the sell position.
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
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- 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
- All
- 1
- 2
- 3
- 4
- 5
According to the chart of M15, #GOOG formed the Head and Shoulders pattern. The Head’s top is set at 162.70 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Bottom pattern has been formed on #PEP M15; the upper boundary is 143.58; the lower boundary is 142.70. The width of the pattern is 96 points. In case
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Bottom pattern has been formed on #PEP M15. Characteristics: the support level 142.62; the resistance level 143.58; the width of the pattern 96 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
