FX.co ★ NZDJPY M5: Bullish Symmetrical Triangle

NZDJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 86.80/0.00 whereas the lower border goes across 86.87/0.00. The pattern width is measured on the chart at -7 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.00 is broken, the price could continue its move toward 86.
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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