Bearish Rectangle
was formed on 29.04 at 06:01:00 (UTC+0)
signal strength 1 of 5
According to the chart of M5, EURCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.5006 – 1.5006 and upper border 1.5014 – 1.5014. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.