was formed on 07.11 at 09:31:18 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bearish Flag pattern has been formed on GBPUSD at M5. The lower boundary of the pattern is located at 1.2309/1.2319 while the upper boundary lies at 1.2319/1.2329. The projection of the flagpole is 19 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.2309 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
