Bearish Pennant

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JordanWillson JordanWillson EURJPY, 120,
EURJPY: Very Clear Bearish Rectangle on EURJPY
48 0 1
EURJPY, 120
Very Clear Bearish Rectangle on EURJPY

Here you can see a clear image of a bearish rectangle, showing that the bearish trend halted and began to consolidate. It respected the rectangle perfectly for over 12 days without any large breakouts. As time moved on it was comfortably within the rectangle however at the same time was being squeezed into a bearish pennant. This was a case of waiting patiently to ...

SOFRONOFX SOFRONOFX AUDUSD, 60, Short ,
AUDUSD: AUD/USD downtrend continuation
47 0 2
AUDUSD, 60 Short
AUD/USD downtrend continuation

Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.

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