Analysis: Pennant | AUD\USD

Pennant Chart Pattern in the AUD\USD FOREX pair. The Pennant is a continuation chart pattern, in this case signaling continuation of Bullish trend. Pattern is after a strong move up which enforces the long signal. This is a small variation of the Pennant and therefore hard to trade and signal entry. We will use it just as a tool to predict the future trend and will not take any trade based on it.