The M5 and M15 time frames may have more false entry points.
FX.co ★ NZDJPY M5: Bullish pennant
Signal strength 1 of 5
NZDJPY M5: Bullish pennant
The Bullish pennant graphic pattern has formed on the NZDJPY M5 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 91.79.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade