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FX.co ★ EURCAD M5: Bearish Symmetrical Triangle

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Technical Analysis Patterns

2024-11-19T18:57:13
Signal strength 1 of 5

EURCAD M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4780 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -22 pips.
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 EURCAD