The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M5: Bullish Rectangle
Signal strength 1 of 5
GBPUSD M5: Bullish Rectangle
According to the chart of M5, GBPUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.3127 – 1.3127 and upper border 1.3158 – 1.3158. 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