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FX.co ★ AUDCHF M15: Bullish Symmetrical Triangle

AUDCHF M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the AUDCHF M15 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.5804/0.5798, while its lower boundary passes through 0.5791/0.5798. The pattern width is 13 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.5798 could send the price toward 0.5821.
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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