
According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 93.94 and 93.50 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 44 pips. Outlook: If the upper border 93.94 is broken, the price is likely to continue its move by 93.90.
The M5 and M15 time frames may have more false entry points.