The M5 and M15 time frames may have more false entry points.
FX.co ★ EURGBP M15: Bearish Rectangle
Signal strength 2 of 5
EURGBP M15: Bearish Rectangle
According to the chart of M15, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8575 – 0.8575 and upper border 0.8581 – 0.8581. In case the lower border is broken, the instrument is likely to follow the downward trend.
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