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FX.co ★ NZDJPY M15: Bearish Flag

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Technical Analysis Patterns

2024-12-17T10:19:17
Signal strength 2 of 5

NZDJPY M15: Bearish Flag

Bearish FlagThe Bearish Flag pattern has been formed on the chart NZDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 88.46, 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 (15 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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