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FX.co ★ #FB H1: Bearish Rectangle

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Technical Analysis Patterns

2024-11-25T18:57:54
Signal strength 4 of 5

#FB H1: Bearish Rectangle

Bearish RectangleAccording to the chart of H1, #FB formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 572.55 - 0.00 and support 549.10 – 549.10. In case the resistance level 549.10 - 549.10 is broken, the instrument is likely to follow the bearish trend.
*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 #FB