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FX.co ★ GBPAUD M5: Bullish Symmetrical Triangle

GBPAUD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the GBPAUD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.9160 and 1.9094, respectively. The pattern width is 66 points. If the price breaks above the upper boundary at 1.9160, it is likely to move toward 1.9146.
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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