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FX.co ★ EURGBP M5: Bullish Flag

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Technical Analysis Patterns

2024-03-21T15:41:40
Signal strength 1 of 5

EURGBP M5: Bullish Flag

Bullish FlagThe Bullish Flag pattern has been formed on EURGBP at M5. The lower boundary of the pattern is located at 0.8574/0.8568, while the higher boundary lies at 0.8580/0.8574. The projection of the flagpole is 18 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8580 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 EURGBP