The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPAUD M5: Bearish pennant
Signal strength 1 of 5
GBPAUD M5: Bearish pennant
The Bearish pennant pattern has formed on the GBPAUD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.7554, a trader will be able to successfully enter the sell position.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade