The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M5: Bearish Rectangle
Signal strength 1 of 5
GBPUSD M5: Bearish Rectangle
According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.2577, the lower border is 1.2569. The signal means that a short position should be opened after fixing a price below the lower border 1.2569 of the Bearish Rectangle.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade