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 1.4283/1.4301 while the upper boundary lies at 1.4299/1.4317. The projection of the flagpole is 35 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.4283 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
See Also
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- Flag
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- Pennant
- Rectangle
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- Triple top
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According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 82.22 is breached. Here
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4755; the lower boundary 0.4712; the width of the pattern 43 points
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart EURCAD M5 which signals that the downward trend will continue. If the price breaks below the low at 1.5726, then
The M5 and M15 time frames may have more false entry points.
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