The M5 and M15 time frames may have more false entry points.
FX.co ★ NZDJPY M5: Bullish Rectangle
Signal strength 1 of 5
NZDJPY M5: Bullish Rectangle
According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 91.55 – 91.55 and upper border 91.72 – 91.72. In case the upper border is broken, the instrument is likely to follow the upward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade