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Actual patterns

Bearish Rectangle

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was formed on 16.09 at 18:51:15 (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 87.65 - 0.00 and support 87.50 – 87.50. In case the resistance level 87.50 - 87.50 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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Figure

Instrument

Timeframe

Trend

Signal Strength

Bearish Rectangle