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FX.co ★ EURGBP M15: Bullish Symmetrical Triangle

EURGBP M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M15, EURGBP formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8360/0.8348 whereas the lower border goes across 0.8339/0.8348. The pattern width is measured on the chart at 21 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8348 is broken, the price could continue its move toward 0.8371.
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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