signal strength 1 of 5
The Bullish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.6055/0.6055, while the higher boundary lies at 0.6061/0.6061. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6061 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 Bottom pattern has been formed on #NTDOY M5. Characteristics: the support level 21.36; the resistance level 21.40; the width of the pattern 4 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on AUDCAD M5. It has the following characteristics: resistance level 0.9200/0.9188; support level 0.9187/0.9185; the width is 13 points. In the event
The M5 and M15 time frames may have more false entry points.
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On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.60; the lower boundary 87.53; the width of the pattern 7 points
The M5 and M15 time frames may have more false entry points.
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