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FX.co ★ GBPAUD M5: Bullish Rectangle

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Technical Analysis Patterns

2024-12-17T10:34:20
Signal strength 1 of 5

GBPAUD M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0010, the lower border is 1.9983. The signal means that a long position should be opened above the upper border 2.0010 of the Bullish Rectangle.
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 GBPAUD