Bearish pennant
was formed on 01.08 at 21:26:03 (UTC+0)
signal strength 1 of 5
The Bearish pennant pattern has formed on the GBPJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 195.33; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 195.33, the downtrend is expected to continue for further level 195.18.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
