cmounsteven cmounsteven CADJPY, 60, 2 days ago
CADJPY: CAD/JPY pennant forming
20 0 5
CADJPY, 60
CAD/JPY pennant forming

after a solid sell off the pair seems to be forming a bearish pennant. a strong bulling candle near the end of the structure if rejected can cause a strong down ward sell of out of the pennant. TP is unclear as of now although the size of the pennants opening is the norm. the Canadian CPI announcement tomorrow could have an effect to open positions at 8:30 tomorrow

b16_aln b16_aln CPX, D, Long , 16 days ago
CPX: #CPX bear pennant targetting around 20p area
18 1 3
CPX, D Long
#CPX bear pennant targetting around 20p area

#CPX bear pennant targetting extension to 20p area

basilabuto basilabuto PRO GBPUSD, 240, Short , a month ago
GBPUSD: GU Bearish?
53 0 5
GBPUSD, 240 Short
GU Bearish?

Potential bearish pennant.

zealfkr zealfkr USDCAD, 240, Short , a month ago
USDCAD: USDCAD setting up a strong bearish pennant
36 0 5
USDCAD, 240 Short
USDCAD setting up a strong bearish pennant

USDCAD has been ranging between a rising support and a strong resistance at 1.32 - Currently a good short at 1.32 and target being the rising support. Also keeping an eye out for the breakout, ill keep you guys updated.

haylettc haylettc PRO GBPUSD, 240, Short , a month ago
GBPUSD: Bearish GBP Forecast
63 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.

ADingle ADingle NZDCAD, 240, 2 months ago
NZDCAD: Wait for a break!
21 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 , 2 months ago
GBPAUD: Bearish Pennant
24 0 4
GBPAUD, 60 Short
Bearish Pennant

Just bought the breakout

Steezy702 Steezy702 PRO USDCNH, 240, Short , 2 months 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 , 2 months 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
43 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 , 3 months ago
XAUUSD: Bearish Pennant on XAU/USD @ D1
153 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, 3 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 , 3 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 , 4 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 , 4 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 , 4 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.

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