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FX.co ★ AUDJPY M15: Bullish Rectangle

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Technical Analysis Patterns

2024-01-02T10:46:30
Signal strength 2 of 5

AUDJPY M15: Bullish Rectangle

Bullish RectangleAccording to the chart of M15, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 96.44 – 96.44 and upper border 96.65 – 96.65. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by AUDJPY