signal strength 2 of 5
The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 140.89/141.19 while the upper boundary lies at 141.19/141.49. The projection of the flagpole is 77 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 140.89 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
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- Triple top
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6020 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1512; the lower boundary 1.1504; the width of the pattern 8 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 GBPJPY M5. Characteristics: the support level 195.54; the resistance level 195.72; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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