The M5 and M15 time frames may have more false entry points.
FX.co ★ #KO M15: Bearish pennant
Signal strength 2 of 5
#KO M15: Bearish pennant
The Bearish pennant pattern has formed on the #KO M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 69.59 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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade