signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the NZDUSD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.6028.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
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- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on USDJPY M30; the upper boundary is 145.12; the lower boundary is 144.78. The width of the pattern is 32 points. In case
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The Double Bottom pattern has been formed on GBPAUD M15. Characteristics: the support level 2.0668; the resistance level 2.0698; the width of the pattern 30 points. If the resistance level
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 NZDUSD M15. Characteristics: the upper boundary 0.5929; the lower boundary 0.5912; the width of the pattern is 16 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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