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FX.co ★ NZDUSD M5: Bullish Rectangle

NZDUSD M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the NZDUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.5969–0.5969 and the upper boundary at 0.5979–0.5979. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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