logo

FX.co ★ AUDUSD M15: Bearish Rectangle

AUDUSD M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, AUDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.7098, the lower border is 0.7086. The signal means that a short position should be opened after fixing a price below the lower border 0.7086 of the Bearish Rectangle.
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