CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Bearish pennant
was formed on 13.03 at 08:38:54 (UTC+0)
signal strength 1 of 5
Bearish pennant NZDCAD M5

The Bearish pennant pattern has formed on the NZDCAD 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 0.8224, a trader will be able to successfully enter the sell position.

The M5 and M15 time frames may have more false entry points.

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Figure
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  • Double Top
  • Flag
  • Head and Shoulders
  • Pennant
  • Rectangle
  • Triangle
  • Triple top
Instrument
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  • AUDCAD
  • AUDCHF
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  • EURCAD
  • EURCHF
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  • GOLD
  • NZDCAD
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  • USDCAD
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Timeframe
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  • M5
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  • H1
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Trend
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  • Buy
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Signal Strength
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  • 1
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  • 4
  • 5

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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