FX.co ★ #MA M5: Bearish Symmetrical Triangle

According to the chart of M5, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 493.54/494.48 and upper border is 495.44/494.48. The pattern width is measured on the chart at -190 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 #MA breaches the lower border, the price could continue its move toward 494.33.