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FX.co ★ EURCAD M5: Bullish Symmetrical Triangle

EURCAD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.5447 and 1.5433 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 1.5447 is broken, the price is likely to continue its move by 1.5456 pips.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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