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Bearish Rectangle
was formed on 30.05 at 04:32:51 (UTC+0)
signal strength 1 of 5

Bearish Rectangle AUDJPY M5

According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 92.48 - 0.00 and support 92.34 – 92.34. In case the resistance level 92.34 - 92.34 is broken, the instrument is likely to follow the bearish trend.

The M5 and M15 time frames may have more false entry points.

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