FX.co ★ EURCAD M30: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURCAD M30 chart, signaling a likely continuation of the trend. Its upper boundary passes through 1.6120/1.6055, while its lower boundary passes through 1.5992/1.6055. The pattern width is 128 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 1.6055 could send the price toward 1.6085.