FX.co ★ GBPUSD M5: Bullish Symmetrical Triangle

GBPUSD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0775/1.0808 whereas the upper border goes across 1.0832/1.0808. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPUSD will breach the upper border to head for 1.0823.
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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