Bearish Rectangle
was formed on 20.06 at 05:16:01 (UTC+0)
signal strength 2 of 5
According to the chart of M15, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8171 - 0.0000 and support 0.8157 – 0.8157. In case the resistance level 0.8157 - 0.8157 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
