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Bearish pennant
was formed on 10.04 at 02:58:20 (UTC+0)
signal strength 1 of 5

Bearish pennant GBPJPY M5

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 188.31; the projection of the flagpole height is equal to 75 pips. In case the price breaks out the pattern’s bottom of 188.31, the downtrend is expected to continue for further level 188.16.

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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