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Bearish Symmetrical Triangle
was formed on 29.04 at 14:31:13 (UTC+0)
signal strength 1 of 5

Bearish Symmetrical Triangle NZDJPY M5

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 84.66/84.86 and upper border is 85.16/84.86. The pattern width is measured on the chart at -50 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 NZDJPY breaches the lower border, the price could continue its move toward 84.71.

The M5 and M15 time frames may have more false entry points.

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