FX.co ★ #PEP M5: Bearish Symmetrical Triangle

According to the chart of M5, #PEP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 167.77/168.26 and upper border is 168.94/168.26. The pattern width is measured on the chart at -117 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 #PEP breaches the lower border, the price could continue its move toward 168.11.