was formed on 03.09 at 06:27:02 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bearish Flag pattern has been formed on NZDUSD at M5. The lower boundary of the pattern is located at 0.6185/0.6189 while the upper boundary lies at 0.6189/0.6193. The projection of the flagpole is 14 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.6185 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
