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FX.co ★ GBPUSD M5: Bullish Rectangle

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Technical Analysis Patterns

2024-12-20T15:01:34
Signal strength 1 of 5

GBPUSD M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.2558 and support 1.2539. In case the resistance level 1.2558 - 1.2558 is broken, the instrument is likely to follow the bullish 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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