FX.co ★ EURCAD M15: Bearish Symmetrical Triangle

According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.4879/1.4934 and upper border is 1.4982/1.4934. The pattern width is measured on the chart at -103 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCAD breaches the lower border, the price could continue its move toward 1.4912.