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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- Flag
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- Triple top
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According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 85.08, the lower border is 84.66. The signal means
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According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.66/84.86 and upper border is 85.16/84.86. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5951; the lower boundary is 0.5943. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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