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FX.co ★ AUDJPY M15: Bullish Flag

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Technical Analysis Patterns

16 April at 11:00AM (UTC+0)
Signal strength 2 of 5

AUDJPY M15: Bullish Flag

Bullish FlagThe Bullish Flag pattern has been formed on AUDJPY at M15. The lower boundary of the pattern is located at 90.77/90.59, while the higher boundary lies at 90.99/90.81. The projection of the flagpole is 40 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 90.99 is broken, the price will move further upwards.
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 AUDJPY