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FX.co ★ NZDUSD H1: Bearish Pennant

NZDUSD H1: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the NZDUSD H1 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 0.5787.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph