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Bearish Symmetrical Triangle
was formed on 23.06 at 15:16:17 (UTC+0)
signal strength 1 of 5

Bearish Symmetrical Triangle GBPUSD M5

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3371/1.3386 and upper border is 1.3396/1.3386. The pattern width is measured on the chart at -25 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 GBPUSD breaches the lower border, the price could continue its move toward 1.3371.

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

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