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FX.co ★ AUDCAD M15: Bullish Symmetrical Triangle

AUDCAD M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the AUDCAD M15 chart. Its lower boundary passes through 0.9887/0.9903, while its upper boundary passes through 0.9918/0.9903. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDCAD is expected to break the upper boundary and move toward 0.9926.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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