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FX.co ★ #PEP M15: Bearish Rectangle

#PEP M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, #PEP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 142.38 - 0.00 and support 141.21 – 141.21. In case the resistance level 141.21 - 141.21 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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