The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDUSD M5: Bearish Rectangle
Signal strength 1 of 5
AUDUSD M5: Bearish Rectangle
According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6560 – 0.6560 and upper border 0.6590 – 0.6590. 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