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FX.co ★ USDCAD M5: Bearish Pennant

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Technical Analysis Patterns

2026-08-02T21:52:59
Signal strength 1 of 5

USDCAD M5: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the USDCAD M5 chart and signals a potential continuation of the existing trend. The pattern low is at 1.4001, and the projected flagpole height is 20 points. If the price breaks below the pattern low at 1.4001, the downtrend is expected to continue toward 1.3986.
The M5 and M15 time frames may generate more false entry signals.
*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 USDCAD