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FX.co ★ EURGBP M5: Bullish Symmetrical Triangle

EURGBP M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the EURGBP M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 0.8476 and 0.8469, respectively. The pattern width is 7 points. If the price breaks above the upper boundary at 0.8476, it is likely to move toward 0.8487.
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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