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FX.co ★ NZDUSD M5: Bearish Flag

NZDUSD M5: Bearish Flag

Bearish FlagThe Bearish Flag pattern has formed on the NZDUSD M5 chart, signaling a likely continuation of the downtrend. If the price breaks below the pattern low at 0.5683, it is likely to move further downward. The projected move corresponds to the flagpole height of 13 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph