FX.co ★ AUDUSD M5: Bullish Symmetrical Triangle

AUDUSD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7917 and 0.7893 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 0.7917 is broken, the price is likely to continue its move by 0.7922 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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