logo

FX.co ★ EURGBP M5: Bullish Rectangle

EURGBP M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, EURGBP formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8501 and support 0.8492. In case the resistance level 0.8501 - 0.8501 is broken, the instrument is likely to follow the bullish 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