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Bearish Symmetrical Triangle
was formed on 11.06 at 20:01:56 (UTC+0)
signal strength 1 of 5

Bearish Symmetrical Triangle EURJPY M5

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 165.68/166.11 and upper border is 166.46/166.11. The pattern width is measured on the chart at -78 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 EURJPY breaches the lower border, the price could continue its move toward 165.96.

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

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