The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDCAD M5: Bullish Symmetrical Triangle
Signal strength 1 of 5
AUDCAD M5: Bullish Symmetrical Triangle
According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8945/0.8956 whereas the upper border goes across 0.8965/0.8956. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.8971.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade