signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the GBPUSD 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 1.3301.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 195.21; the lower boundary 194.97; the width of the pattern is 24 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of NZDCAD H1. There are weighty reasons to suggest that the price will surpass the Neckline 0.8239/0.8244 after
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According to H1, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8948/1.8962 is broken out, the instrument is likely to move toward
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