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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- 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
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On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.76; the lower boundary 33.59; the width of the pattern 165 points
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The Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.0830; the lower boundary is 1.0778. The width of the pattern is 53 points. In case
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The Double Bottom pattern has been formed on NZDCAD H1; the upper boundary is 0.8209; the lower boundary is 0.8166. The width of the pattern is 42 points. In case
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