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Bullish Symmetrical Triangle
was formed on 29.07 at 06:18:11 (UTC+0)
signal strength 1 of 5

Bullish Symmetrical Triangle EURJPY M5

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 123.29/123.21 whereas the lower border goes across 123.10/123.21. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 123.21 is broken, the price could continue its move toward 123.

The M5 and M15 time frames may have more false entry points.

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