The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M15: Bearish Rectangle
Signal strength 2 of 5
GBPUSD M15: Bearish Rectangle
According to the chart of M15, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.2367 - 0.0000 and support 1.2320 – 1.2320. In case the resistance level 1.2320 - 1.2320 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