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FX.co ★ EURUSD M5: Bullish Symmetrical Triangle

EURUSD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.1513 and 1.1504, respectively. The pattern width is 9 points. If the price breaks above the upper boundary at 1.1513, it is likely to move toward 1.1523.
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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