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InstaForex - Official partner of Dragon Racing
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Bullish Rectangle

Bullish Rectangle

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was formed on 19.12 at 13:05:24 (UTC+0)
signal strength 1 of 5
Bullish Rectangle EURJPY M5

According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 163.21 – 163.21 and upper border 163.64 – 163.64. In case the upper border is broken, the instrument is likely to follow the upward trend.

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

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