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 556.37/557.65 and upper border is 558.91/557.65. The pattern width is measured on the chart at -254 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 557.50.