logo

FX.co ★ #EBAY M5: Bearish Rectangle

#EBAY M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the #EBAY M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 108.78–108.78 and its support zone is at 107.61–107.61. A break below support at 107.61 is likely to signal a continuation of the bearish trend.
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
Go to the patterns list Go to graph