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Bearish pennant
was formed on 20.05 at 16:41:13 (UTC+0)
signal strength 1 of 5

Bearish pennant AUDJPY M5

The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 92.44; the projection of the flagpole height is equal to 31 pips. In case the price breaks out the pattern’s bottom of 92.44, the downtrend is expected to continue for further level 92.29.

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

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