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2023-06-06 20:20:00
A Price Action Symmetric Triangle pattern formation on the 5 Min time frame chart supports CHFJPY Bullish bias. A break of 153.761 will support the rise towards the target of 153.806 the break of 153.806 would push the price to 153.836.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 153.717
- Support S1: 153.706, S2: 153.69 , S3: 153.679
- Resistance R1: 153.733 , R2: 153.744 , R3: 153.76
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Age 9 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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