The M5 and M15 time frames may have more false entry points.
FX.co ★ #FB M5: Bullish Rectangle
Signal strength 1 of 5
#FB M5: Bullish Rectangle
According to the chart of M5, #FB formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 261.87 – 261.87 and upper border 265.54 – 265.54. In case the upper border is broken, the instrument is likely to follow the upward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade