signal strength 1 of 5
The Bullish pennant signal – Trading instrument GBPUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3106, 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
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Bullish Flag pattern has been formed on EURJPY at M5. The lower boundary of the pattern is located at 161.24/160.64, while the higher boundary lies at 161.82/161.22. The projection
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the EURJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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