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FX.co ★ NZDJPY M5: Bearish Flag

NZDJPY M5: Bearish Flag

Bearish FlagThe Bearish Flag pattern has formed on the NZDJPY M5 chart, signaling a likely continuation of the downtrend. If the price breaks below the pattern low at 88.40, it is likely to move further downward. The projected move corresponds to the flagpole height of 31 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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