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Bearish Rectangle
was formed on 16.04 at 15:55:38 (UTC+0)
signal strength 1 of 5

Bearish Rectangle EURCHF M5

According to the chart of M5, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9263 - 0.0000 and support 0.9249 – 0.9249. In case the resistance level 0.9249 - 0.9249 is broken, the instrument is likely to follow the bearish trend.

The M5 and M15 time frames may have more false entry points.

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