FX.co ★ EURCAD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURCAD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 1.6063/1.6050, while its lower boundary passes through 1.6041/1.6050. The pattern width is 22 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 1.6050 could send the price toward 1.6065.