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Actual patterns

Bearish Rectangle

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was formed on 16.04 at 14:05:33 (UTC+0)
signal strength 1 of 5

According to the chart of M5, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0827 - 0.0000 and support 2.0800 – 2.0800. In case the resistance level 2.0800 - 2.0800 is broken, the instrument is likely to follow the bearish trend.

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

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Instrument

Timeframe

Trend

Signal Strength

Bearish Rectangle