was formed on 11.08 at 14:14:37 (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 0.5922/0.5928 while the upper boundary lies at 0.5926/0.5932. The projection of the flagpole is 13 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.5922 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
