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FX.co ★ AUDCHF M15: Bullish Rectangle

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Technical Analysis Patterns

2024-04-24T11:11:24
Signal strength 2 of 5

AUDCHF M15: Bullish Rectangle

Bullish RectangleAccording to the chart of M15, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5950 and support 0.5935. In case the resistance level 0.5950 - 0.5950 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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