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FX.co ★ #FB M30: Bearish pennant

#FB M30: Bearish pennant

Bearish pennantThe Bearish pennant pattern has formed on the #FB M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 140.69; the projection of the flagpole height is equal to 885 pips. In case the price breaks out the pattern’s bottom of 140.69, the downtrend is expected to continue for further level 140.39.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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