FX.co ★ AUDUSD M5: Bearish Rectangle

AUDUSD M5: Bearish Rectangle

Bearish RectangleAccording 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 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
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