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FX.co ★ NZDCHF M5: Bearish Rectangle

NZDCHF M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4703 - 0.0000 and support 0.4695 – 0.4695. In case the resistance level 0.4695 - 0.4695 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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