signal strength 1 of 5
The Bearish Flag pattern has been formed on the chart GBPAUD M5 which signals that the downward trend will continue. If the price breaks below the low at 2.0721, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 98.12 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the AUDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6590; the projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5253 and support 0.5242
The M5 and M15 time frames may have more false entry points.
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