signal strength 2 of 5
The Bullish Flag pattern has been formed on GBPJPY at M15. The lower boundary of the pattern is located at 196.01/196.01, while the higher boundary lies at 196.09/196.09. The projection of the flagpole is 27 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 196.09 is broken, the price will move further upwards.
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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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 198.90
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5814/0.5868 whereas the upper border goes across 0.5911/0.5868
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According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 86.88/87.02 and upper border is 87.16/87.02. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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