The M5 and M15 time frames may have more false entry points.
FX.co ★ GBPUSD M5: Bearish Symmetrical Triangle
Signal strength 1 of 5
GBPUSD M5: Bearish Symmetrical Triangle
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2614/1.2623 and upper border is 1.2630/1.2623. The pattern width is measured on the chart at -16 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.2608.
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