Actual patterns

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Actual patterns

Bearish Rectangle

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was formed on 21.03 at 21:46:26 (UTC+0)
signal strength 1 of 5

According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.4338 – 1.4338 and upper border 1.4351 – 1.4351. In case the lower border is broken, the instrument is likely to follow the downward 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