logo

FX.co ★ AUDJPY M5: Bullish Rectangle

AUDJPY M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 84.78 – 84.78 and upper border 84.94 – 84.94. 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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph