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FX.co ★ USDJPY M5: Bearish Symmetrical Triangle

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Technical Analysis Patterns

2024-04-12T14:54:01
Signal strength 1 of 5

USDJPY M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 152.61 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -53 pips.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by USDJPY