EURUSD Forex
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2024-04-01 13:00:00
A Price Action Symmetric Triangle pattern formation on the 1 Hour time frame chart supports NZDUSD Bearish bias. A break of 0.59650 will support the fall towards the target of 0.59470 the break of 0.59470 would push the price to 0.59350.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 0.59266
- Support S1: 0.59223, S2: 0.59196 , S3: 0.59153
- Resistance R1: 0.59293 , R2: 0.59336 , R3: 0.59363
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Age 1 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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