The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDUSD M15: Bearish Symmetrical Triangle
Signal strength 2 of 5
AUDUSD M15: Bearish Symmetrical Triangle
According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7179/0.7188 and upper border is 0.7195/0.7188. The pattern width is measured on the chart at -16 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 AUDUSD breaches the lower border, the price could continue its move toward 0.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade