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Actual patterns

Bearish Rectangle

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was formed on 26.08 at 00:31:57 (UTC+0)
signal strength 1 of 5

According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6485 - 0.0000 and support 0.6477 – 0.6477. In case the resistance level 0.6477 - 0.6477 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