The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDJPY M15: Bearish Rectangle
Signal strength 2 of 5
AUDJPY M15: Bearish Rectangle
According to the chart of M15, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 82.03 – 82.03 and upper border 82.45 – 82.45. In case the lower border is broken, the instrument is likely to follow the downward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade