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FX.co ★ EURUSD M5: Bearish Flag

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Technical Analysis Patterns

2024-11-12T17:04:53
Signal strength 1 of 5

EURUSD M5: Bearish Flag

Bearish FlagThe Bearish Flag pattern has been formed on the chart EURUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 1.0594, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURUSD