BOREARIS

USD/JPY Bear flag 1 hour

USD/JPY 1 hourConfirmed Oct 20, 21:00 UTC+8
BaseLowBounceConfirmedClosedInvalid 158.255158.152Confirm 158.040Target 1 157.946Target 157.852━ MA20 + Bollinger Bands ━ MA50 1 hour70503041.95━ RSI ━ 9MA0-0.09━ MACD ━ MACD Signal10/20 01:0010/20 06:0010/20 11:0010/20 16:0010/20 21:00
BaseLowBounceConfirmedClosedInvalid158.255158.152Confirm158.040Target1 157.946Target157.852━ MA20 ━ MA5070503041.95━ RSI ━ 9MA0-0.09━ MACD ━ MACD Signal20 05:0020 13:0020 21:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bear flag: First target, then break-even

Target157.852
First target157.946
Confirmation158.040
Invalid at158.255
Move+0.02%

Timeframe1 hour
ConfirmedOct 20, 21:00
ClosedOct 20, 22:00
Duration2.0 h
Reward / risk0.87

What this tells you

A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 20, 09:00158.602
Pole bottomOct 20, 15:00158.033
Bounce highOct 20, 19:00158.229
ConfirmationOct 20, 21:00158.040

Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 were invalidated and 0 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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