signal strength 1 of 5
The Bearish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.8283/0.8287 while the upper boundary lies at 0.8287/0.8291. The projection of the flagpole is 17 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.8283 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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The Double Bottom pattern has been formed on SILVER M30. Characteristics: the support level 36.20; the resistance level 36.38; the width of the pattern 190 points. If the resistance level
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The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 145.78; the lower boundary 145.36; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.75; the lower boundary 145.36; the width of the pattern 39 points
The M5 and M15 time frames may have more false entry points.
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