was formed on 29.07 at 07:37:18 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 96.59 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.
Figure
Instrument
Timeframe
Trend
Signal Strength
