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FX.co ★ NZDJPY M15: Bullish Symmetrical Triangle

NZDJPY M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 91.97/91.84 whereas the lower border goes across 91.66/91.84. The pattern width is measured on the chart at 31 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 91.84 is broken, the price could continue its move toward 92.07.
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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