signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the GOLD 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 3321.87.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M15, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.0537 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5246 is likely to encourage a continuation
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On the chart of AUDJPY D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 101.15; the lower boundary 96.20; the width of the pattern 495 points
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