The M5 and M15 time frames may have more false entry points.
FX.co ★ EURCHF M5: Bearish Symmetrical Triangle
Signal strength 1 of 5
EURCHF M5: Bearish Symmetrical Triangle
According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9735/0.9746 and upper border is 0.9757/0.9746. The pattern width is measured on the chart at -22 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 EURCHF breaches the lower border, the price could continue its move toward 0.9731.
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