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FX.co ★ EURJPY M5: Bullish Symmetrical Triangle

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Technical Analysis Patterns

2023-12-26T18:39:02
Signal strength 1 of 5

EURJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 157.28 and 157.11 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 17 pips. Outlook: If the upper border 157.28 is broken, the price is likely to continue its move by 157.33.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURJPY