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Bullish Flag
was formed on 12.08 at 09:40:13 (UTC+0)
signal strength 1 of 5

Bullish Flag GBPAUD M5

The Bullish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0668/2.0668, while the higher boundary lies at 2.0678/2.0678. The projection of the flagpole is 16 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 2.0678 is broken, the price will move further upwards.

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

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