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InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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Bullish Rectangle

Bullish Rectangle

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was formed on 18.03 at 06:30:40 (UTC+0)
signal strength 1 of 5
Bullish Rectangle EURJPY M5

According to the chart of M5, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 163.32 and support 163.21. In case the resistance level 163.32 - 163.32 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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