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FX.co ★ AUDJPY M5: Bullish Symmetrical Triangle

AUDJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the AUDJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 113.99 and 113.67, respectively. The pattern width is 32 points. If the price breaks above the upper boundary at 113.99, it is likely to move toward 114.01.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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