FX.co ★ #MA M5: Bearish Symmetrical Triangle

According to the chart of M5, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 576.23/577.90 and upper border is 579.79/577.90. The pattern width is measured on the chart at -356 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 #MA breaches the lower border, the price could continue its move toward 577.75.