Bearish Rectangle
was formed on 10.06 at 19:22:18 (UTC+0)
signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5634 - 0.0000 and support 1.5618 – 1.5618. In case the resistance level 1.5618 - 1.5618 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength