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FX.co ★ GBPUSD M5: Bullish pennant

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Technical Analysis Patterns

2024-12-19T08:42:04
Signal strength 1 of 5

GBPUSD M5: Bullish pennant

Bullish pennantThe Bullish pennant signal – Trading instrument GBPUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.2624, with the prospect of the next move being a projection of the flagpole height.
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 GBPUSD