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Actual patterns

Bearish Rectangle

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was formed on 08.08 at 04:02:38 (UTC+0)
signal strength 1 of 5

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0628, the lower border is 2.0594. The signal means that a short position should be opened after fixing a price below the lower border 2.0594 of the Bearish Rectangle.

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

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Figure

Instrument

Timeframe

Trend

Signal Strength

Bearish Rectangle