signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDCAD M15 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 0.8156, 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
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- 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
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- M5
- M15
- M30
- H1
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The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3389; the lower boundary is 1.3369. The width of the pattern is 21 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8083/0.8098 whereas the upper border goes across 0.8116/0.8098
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8276
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