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InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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Bullish Rectangle

Bullish Rectangle

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was formed on 07.05 at 09:17:35 (UTC+0)
signal strength 2 of 5
Bullish Rectangle USDCAD M15

According to the chart of M15, USDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3797 and support 1.3784. In case the resistance level 1.3797 - 1.3797 is broken, the instrument is likely to follow the bullish trend.

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

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