signal strength 1 of 5
The Bearish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.5922/0.5928 while the upper boundary lies at 0.5926/0.5932. The projection of the flagpole is 13 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5922 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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On the chart of AUDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5206; the lower boundary 0.5193; the width of the pattern 13 points
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.45; the lower boundary 199.32; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPAUD H1. Characteristics: the support level 2.0852; the resistance level 2.0881; the width of the pattern 29 points. If the resistance level
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