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FX.co ★ GBPAUD M5: Bullish Symmetrical Triangle

GBPAUD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the GBPAUD M5 chart. Its lower boundary passes through 1.8831/1.8851, while its upper boundary passes through 1.8868/1.8851. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, GBPAUD is expected to break the upper boundary and move toward 1.8866.
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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