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Bearish Symmetrical Triangle
was formed on 09.04 at 09:01:56 (UTC+0)
signal strength 2 of 5

Bearish Symmetrical Triangle NZDJPY M15

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 79.77/80.40 and upper border is 81.02/80.40. The pattern width is measured on the chart at -125 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 80.18.

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

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