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FX.co ★ GBPAUD M30: Bearish Rectangle

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Technical Analysis Patterns

2024-05-06T11:44:42
Signal strength 3 of 5

GBPAUD M30: Bearish Rectangle

Bearish RectangleAccording to the chart of M30, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8986 - 0.0000 and support 1.8937 – 1.8937. In case the resistance level 1.8937 - 1.8937 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 GBPAUD