signal strength 1 of 5
The Bullish Flag pattern has been formed on AUDUSD at M5. The lower boundary of the pattern is located at 0.6553/0.6553, while the higher boundary lies at 0.6561/0.6561. The projection of the flagpole is 13 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6561 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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- AUDUSD
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- GBPUSD
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- NZDCAD
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- NZDUSD
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The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3315; the lower boundary 1.3303; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 95.48; the lower boundary 95.12; the width of the pattern is 35 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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