haylettc haylettc PRO GBPUSD, 240, Short , 20 hours ago
GBPUSD: Bearish GBP Forecast
40 0 4
GBPUSD, 240 Short
Bearish GBP Forecast

Due to abysmal data released for the British Pound over this last week, the Pound was unable to form a significant rally before Brexit concerns took the helm with the approach of the March deadline on formal exit negotiations. We now have a bearish pennant. We will sell at 1.24700 if it is reached.

EverythingFX EverythingFX PRO GBPUSD, 120, Short , 10 months ago
GBPUSD: GBP/USD SHORT OPPORTUNITY
847 0 11
GBPUSD, 120 Short
GBP/USD SHORT OPPORTUNITY

GBPUSD - RESIDING IN A FORMAL BEARISH PENNANT (DAILY) 1.4420 SEEMS TO BE A STRONG BARRIER (LOWER HIGH) POINT OF RESISTANCE. 1:2.3 RISK REWARD WITH A TARGET AT THE WEEKLY AREA OF SUPPORT 1.4260. A BREAK OF 1.4260 WILL LEAD THE PAIR RELATIVELY LOWER TO 1.4200. HAPPY TRADING!

ADingle ADingle NZDCAD, 240, 11 days ago
NZDCAD: Wait for a break!
20 0 2
NZDCAD, 240
Wait for a break!

If the bearish pennant that is forming breaks down, Short all day, but if it breaks out upwards, wait for a retest as a confirmation before going long. TP is about 200 pips either way. Good luck!

Mikas14 Mikas14 GBPAUD, 60, Short , 17 days ago
GBPAUD: Bearish Pennant
23 0 4
GBPAUD, 60 Short
Bearish Pennant

Just bought the breakout

Steezy702 Steezy702 PRO USDCNH, 240, Short , 18 days ago
USDCNH: Bearish Pennant
18 0 3
USDCNH, 240 Short
Bearish Pennant

Looks like a bearish pennant formation. Trade the break

Jakehar Jakehar AUDJPY, D, Short , a month ago
AUDJPY: AUD/KPY SHORT
42 0 2
AUDJPY, D Short
AUD/KPY SHORT

AUD/JPY support held 83.70, and tested resistance 85.70. We now see price closed at 85.38 with recent engulfing candlestick, doji next to large candlestick, tk crossover: all bearish signals. good opportunity to short now for good risk:reward, or for a much safer bet, short at price 83.50, chinkou below price, or obvious bearish pennant/triangle forming.

cguthrie922 cguthrie922 PRO FB, D, Short , 2 months ago
FB: Even more bad indicators for FB
47 0 3
FB, D Short
Even more bad indicators for FB

Historically when FB reaches this vortex negative level, the stock drops an average of 6.71%. FB is currently in a bearish pennant and due to break out up or down. Based on historics, the pennant, and potential support levels, it looks like a drop to 108.23 is highly likely over the next few weeks. I am slightly skeptical of the pennant break within the next few ...

cguthrie922 cguthrie922 PRO FB, D, Short , 2 months ago
FB: Bold Prediction Unwelcoming to FB fans
42 0 3
FB, D Short
Bold Prediction Unwelcoming to FB fans

Historically when FB reaches this RSI level, the stock drops more than 1% with an average drop of 5.94%. FB is currently in a bearish pennant and due to break out up or down. Based on historics, the pennant, and potential support levels, it looks like a drop to 108.23 is highly likely over the next few weeks. I am slightly skeptical of the pennant break within ...

kevin1533 kevin1533 PRO FB, W, Short , 2 months ago
FB: FB bearish pennant
38 0 3
FB, W Short
FB bearish pennant

.

AndriyMoraru AndriyMoraru PRO XAUUSD, D, Short , 2 months ago
XAUUSD: Bearish Pennant on XAU/USD @ D1
151 0 6
XAUUSD, D Short
Bearish Pennant on XAU/USD @ D1

The bearish pennant on the daily chart of XAU/USD offers a downside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the high of the breakout bar (not shown).

stockspy stockspy PRO SPY, D, 2 months ago
SPY: bearish pennant formed SPY
72 1 3
SPY, D
bearish pennant formed SPY

breakout 12/21

mrojo05 mrojo05 PRO NZDJPY, 60, Short , 2 months ago
NZDJPY: nzd/jpy bearish pennant forming
26 0 2
NZDJPY, 60 Short
nzd/jpy bearish pennant forming

As always, wait for confirmation (i.e. breakout)

NearDrowning NearDrowning UK100, 240, Short , 3 months ago
UK100: FTSE100 - UK100 Curve Analysis - Bearish Pennant
348 1 15
UK100, 240 Short
FTSE100 - UK100 Curve Analysis - Bearish Pennant

If you like my Idea please give it a like by clicking on the like button. Thanks and best of luck trading!

ramonp4 ramonp4 NZDUSD, 60, Short , 3 months ago
NZDUSD: Bearish Pennant
51 0 2
NZDUSD, 60 Short
Bearish Pennant

Bearish pennant to precious structure on daily chart

RickyBooker RickyBooker AUDUSD, 15, Short , 3 months ago
AUDUSD: AUDUSD Short opportunity
38 0 4
AUDUSD, 15 Short
AUDUSD Short opportunity

The AUDUSD has been on massive downtrend. I noticed that there is a bearish pennant formation. I think price will continue downtrend to head down to 0.7320 area support.

russellw russellw AUDUSD, W, Short , 3 months ago
AUDUSD: AUD/USD Bearish Wedge
247 0 6
AUDUSD, W Short
AUD/USD Bearish Wedge

AUD/USD is a good pair to watch this few weeks to come. It has currently formed a rising wedge or a bearish pennant on the Weekly chart, with the lower TFs showing weakness as well. If the bearish strength is great enough to break both S1 and S2 at 0.75065 and 0.74357, then the next target should be at S3, 0.71346. Good pair to enter on the shorter timeframe ...

adatherton adatherton PRO GBPUSD, 60, Short , 3 months ago
GBPUSD: $GBPUSD short-term fractal
126 2 6
GBPUSD, 60 Short
$GBPUSD short-term fractal

Suggests pullback to 1.25 then up again. Note bearish pennant as well.

SmartForex SmartForex PRO EURGBP, D, Short , 3 months ago
EURGBP: EURGBP - Pennant
44 0 1
EURGBP, D Short
EURGBP - Pennant

Pair has just put a Bearish Pennant on a daily chart. Price is expected to retest previous support line before keeping bearish towards 0.86758 (area of previous resistance looking left). We will be looking for bearish entry reasons once price reaches 0.88695.

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