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FX.co ★ NZDCAD M5: Bullish Rectangle

NZDCAD M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the NZDCAD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8211–0.8211 and the upper boundary at 0.8220–0.8220. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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