Bearish Rectangle
was formed on 11.06 at 08:00:03 (UTC+0)
signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8257 - 0.0000 and support 0.8248 – 0.8248. In case the resistance level 0.8248 - 0.8248 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