The M5 and M15 time frames may have more false entry points.
FX.co ★ NZDUSD M15: Bearish Rectangle
Signal strength 2 of 5
NZDUSD M15: Bearish Rectangle
According to the chart of M15, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5764 - 0.0000 and support 0.5749 – 0.5749. In case the resistance level 0.5749 - 0.5749 is broken, the instrument is likely to follow the bearish trend.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction