signal strength 2 of 5
The Bullish Flag pattern has been formed on EURJPY at M15. The lower boundary of the pattern is located at 163.36/163.14, while the higher boundary lies at 163.60/163.38. The projection of the flagpole is 62 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 163.60 is broken, the price will move further upwards.
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 M5, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8169/0.8165 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1519, the lower border is 1.1510. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 145.24/145.39 whereas the upper border goes across 145.49/145.39
The M5 and M15 time frames may have more false entry points.
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