was formed on 05.05 at 20:52:44 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 85.81; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 85.81, the downtrend is expected to continue for further level 85.58.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
