Daily Actual Pattern Analysis By InstaForex

[akuno1]

Bullish Rectangle
was formed on 31.07 at 09:31:28 (UTC+0)
signal strength 2 of 5

According to the chart of M15, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 108.59 - 0.00 and support 108.51 – 108.51. In case the resistance level 108.51 - 108.51 is broken, the instrument is likely to follow the bearish trend.

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

 

[akuno1]

Bearish pennant
was formed on 31.07 at 09:46:47 (UTC+0)
signal strength 2 of 5

The Bearish pennant pattern has formed on the EURNZD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.6853 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

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

 

[akuno1]

Bullish pennant
was formed on 31.07 at 10:00:25 (UTC+0)
signal strength 2 of 5

The Bullish pennant graphic pattern has formed on the NZDCHF M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.6569.

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

 

[The Maut]

Very nice thread. Hope tt can active back.