Actual patterns

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Actual patterns

Bearish Flag

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was formed on 20.08 at 16:07:22 (UTC+0)
signal strength 1 of 5

The Bearish Flag pattern has been formed on AUDJPY at M5. The lower boundary of the pattern is located at 94.49/94.61 while the upper boundary lies at 94.59/94.71. The projection of the flagpole is 40 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 94.49 is broken, the price will move further downwards.

The M5 and M15 time frames may have more false entry points.

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Bearish Flag