Bearish pennant
was formed on 25.07 at 07:45:29 (UTC+0)
signal strength 1 of 5
The Bearish pennant pattern has formed on the AUDJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 75.22, a trader will be able to successfully enter the sell position.
The M5 and M15 time frames may have more false entry points.