FX.co ★ #MA H1: Bearish pennant

The Bearish pennant pattern has formed on the #MA H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 294.33; the projection of the flagpole height is equal to 1982 pips. In case the price breaks out the pattern’s bottom of 294.33, the downtrend is expected to continue for further level 293.93.