was formed on 02.06 at 15:31:00 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bullish Flag pattern has been formed on EURNZD at M5. The lower boundary of the pattern is located at 1.8982/1.8974, while the higher boundary lies at 1.8992/1.8984. The projection of the flagpole is 28 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.8992 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
