signal strength 1 of 5
The Bearish pennant pattern has formed on the NZDUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5728 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.
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The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9088; the lower boundary 0.9081; the width of the pattern is 7 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 87.80/87.79 after
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5208 and 0.5195 are the coordinates
The M5 and M15 time frames may have more false entry points.
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