signal strength 1 of 5
The Bearish Flag pattern has been formed on USDCAD at M5. The lower boundary of the pattern is located at 1.3715/1.3719 while the upper boundary lies at 1.3719/1.3723. The projection of the flagpole is 16 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.3715 is broken, the price will move further downwards.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
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- USDCAD
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According to the chart of H1, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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According to the chart of M30, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 87.50, the lower border is 87.41. The signal means
The M5 and M15 time frames may have more false entry points.
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