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2024-03-27 13:05:00
A Price Action Symmetric Triangle pattern formation on the 5 Min time frame chart supports NZDCAD Bearish bias. A break of 0.81500 will support the fall towards the target of 0.81470 the break of 0.81470 would push the price to 0.81450.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 0.8137
- Support S1: 0.8136, S2: 0.8134 , S3: 0.8133
- Resistance R1: 0.8139 , R2: 0.814 , R3: 0.8142
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Age 12 BarsFull view
Symmetric Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. It can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows
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