FX.co ★ #MSFT M30: Bearish pennant
Signal strength 3 of 5
#MSFT M30: Bearish pennant
The Bearish pennant pattern has formed on the #MSFT M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 211.73 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