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2024-04-19 18:10:00
A Price Action Symmetric Triangle pattern formation on the 5 Min time frame chart supports EURNZD Bullish bias. A break of 1.80830 will support the rise towards the target of 1.80890 the break of 1.80890 would push the price to 1.80930.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 1.8091
- Support S1: 1.8085, S2: 1.8081 , S3: 1.8075
- Resistance R1: 1.8095 , R2: 1.8101 , R3: 1.8105
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Age 6 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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