was formed on 11.06 at 04:27:16 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 165.55 - 0.00 and support 165.37 – 165.37. In case the resistance level 165.37 - 165.37 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
