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FX.co ★ GBPAUD M15: Bearish Rectangle

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Technical Analysis Patterns

2026-01-12T03:41:36
Signal strength 2 of 5

GBPAUD M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0050 - 0.0000 and support 2.0023 – 2.0023. In case the resistance level 2.0023 - 2.0023 is broken, the instrument is likely to follow the bearish 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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