signal strength 1 of 5
The Bullish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.6055/0.6055, while the higher boundary lies at 0.6061/0.6061. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6061 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
- Triangle
- Triple top
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According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6529 - 0.0000
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8958, the lower border is 0.8948. 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, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5963 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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