FX.co ★ NZDJPY M30: Bearish Symmetrical Triangle

NZDJPY M30: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M30, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 74.45/74.61 and upper border is 74.81/74.61. The pattern width is measured on the chart at -36 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 NZDJPY breaches the lower border, the price could continue its move toward 74.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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