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FX.co ★ AUDUSD M5: Bullish pennant

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Technical Analysis Patterns

2024-12-17T14:26:45
Signal strength 1 of 5

AUDUSD M5: Bullish pennant

Bullish pennantThe Bullish pennant pattern is formed on the AUDUSD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.6359, a further uptrend is possible.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by AUDUSD