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Actual patterns

Bearish Rectangle

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was formed on 18.08 at 09:00:48 (UTC+0)
signal strength 4 of 5

According to the chart of H1, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 96.11 - 0.00 and support 95.46 – 95.46. In case the resistance level 95.46 - 95.46 is broken, the instrument is likely to follow the bearish trend.

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Figure

Instrument

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Trend

Signal Strength

Bearish Rectangle