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FX.co ★ GBPAUD H1: Bearish Rectangle

GBPAUD H1: Bearish Rectangle

Bearish RectangleAccording to the chart of H1, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9166 - 0.0000 and support 1.9124 – 1.9124. In case the resistance level 1.9124 - 1.9124 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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