The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDCAD M5: Bearish Rectangle
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AUDCAD M5: Bearish Rectangle
According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9088 - 0.0000 and support 0.9073 – 0.9073. In case the resistance level 0.9073 - 0.9073 is broken, the instrument is likely to follow the bearish trend.
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