Bullish pennant got failed :(

[pankajmehra]

is this the right way to draw a bullish pennant?? if yes,then this chart pattern failed this time. right ?

[GRIX_FX]

@pankajmehra

is this the right way to draw a bullish pennant?? if yes,then this chart pattern failed this time. right ?

At most this could have been a flag instead of a pennant. However at such a lower TF these chart patterns will occur rather too many times increasing the chances of failure.

[FOREXunlimited]

Greetings, I see you’re new to babypips…welcome.
May I ask please - is there a reason why you’re monitoring 15+ currency pairs?

That can be overwhelming as a newer trader, unless you have experience elsewhere.

[pankajmehra]

thanks , ur right mate…i read a lot about pa and time frames, and after 6 months ,a lot of fx study, now i can say ,we should avoid smaller TF .

[pankajmehra]

i sit in front of my screen for more than 10 hours,this might b the reason for looking all the charts,whats happenin , monitoring any pattern about to form, u know so much of time ,nothing to do,better to look charts in front

Greetings, I see you’re new to babypips…welcome.
May I ask please - is there a reason why you’re monitoring 15+ currency pairs?

That can be overwhelming as a newer trader, unless you have experience elsewhere.

[miliardo]

thanks , ur right mate…i read a lot about pa and time frames, and after 6 months ,a lot of fx study, now i can say ,we should avoid smaller TF .

Don’t avoid any time frame…learn to exploit it…there are no good or bad time frames