signal strength 1 of 5
The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 151.97 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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- Double Top
- Flag
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- Pennant
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- Triple top
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- AUDCAD
- AUDCHF
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- EURCAD
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
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The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0978; the lower boundary 1.0929; the width of the pattern is 49 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDCHF H1; the upper boundary is 0.5174; the lower boundary is 0.5074. The width of the pattern is 105 points. In case
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The Double Top reversal pattern has been formed on EURNZD H1. Characteristics: the upper boundary 1.9834; the lower boundary 1.9606; the width of the pattern is 222 points. Sell trades
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