signal strength 1 of 5
The Bearish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0593/2.0613 while the upper boundary lies at 2.0607/2.0627. The projection of the flagpole is 32 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 2.0593 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M15, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 86.94, the lower border is 86.78. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 86.94 and 86.78 are the coordinates
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According to the chart of M30, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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