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Actual patterns

Bullish Flag

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was formed on 09.04 at 19:58:04 (UTC+0)
signal strength 1 of 5

The Bullish Flag pattern has been formed on EURJPY at M5. The lower boundary of the pattern is located at 161.24/160.64, while the higher boundary lies at 161.82/161.22. The projection of the flagpole is 236 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 161.82 is broken, the price will move further upwards.

The M5 and M15 time frames may have more false entry points.

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Bullish Flag