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InstaForex Loprais Team - Official participant of the Dakar rally
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Bearish Rectangle

Bearish Rectangle

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was formed on 06.11 at 15:30:40 (UTC+0)
signal strength 2 of 5
Bearish Rectangle NZDJPY M15

According to the chart of M15, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.02 - 0.00 and support 86.84 – 86.84. In case the resistance level 86.84 - 86.84 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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