signal strength 1 of 5
The Bullish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.0825/1.0817, while the higher boundary lies at 1.0833/1.0825. The projection of the flagpole is 18 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.0833 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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- #AMZN
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- #KO
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
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According to the chart of M30, AUDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5043 while the median line of the Neck
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The Triple Bottom pattern has formed on the chart of the USDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Triple Bottom pattern has formed on the chart of the USDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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