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FX.co ★ NZDUSD H1: Bearish Symmetrical Triangle

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Technical Analysis Patterns

2024-11-18T03:27:56
Signal strength 4 of 5

NZDUSD H1: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of H1, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5834 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.
*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 NZDUSD