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Bearish Symmetrical Triangle
was formed on 05.06 at 00:32:20 (UTC+0)
signal strength 2 of 5

Bearish Symmetrical Triangle EURNZD M15

According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8907/1.8932 and upper border is 1.8965/1.8932. The pattern width is measured on the chart at -58 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 EURNZD breaches the lower border, the price could continue its move toward 1.8909.

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

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