Bearish Rectangle
was formed on 05.08 at 07:51:26 (UTC+0)
signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 86.75 - 0.00 and support 86.65 – 86.65. In case the resistance level 86.65 - 86.65 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