FX.co ★ GBPAUD M5: Bullish Rectangle

GBPAUD M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.8047 – 1.8047 and upper border 1.8058 – 1.8058. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
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