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Bearish pennant
was formed on 08.04 at 12:50:05 (UTC+0)
signal strength 2 of 5

Bearish pennant EURJPY M15

The Bearish pennant pattern has formed on the EURJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 160.40; the projection of the flagpole height is equal to 90 pips. In case the price breaks out the pattern’s bottom of 160.40, the downtrend is expected to continue for further level 160.18.

The M5 and M15 time frames may have more false entry points.

Figure
  • All
Instrument
  • All
  • Bearish Rectangle
  • Bearish Symmetrical Triangle
  • Bearish Symmetrical Triangle
  • Bullish Rectangle
  • Double Top
  • Double Top
  • Triple Bottom
  • Triple Bottom
  • Triple Top
  • Triple Top
Timeframe
  • All
Trend
  • All
  • Buy
  • Sale
Signal Strength
  • All
  • 1
  • 2
  • 3
  • 4
  • 5
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