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2024-04-08 06:35:00
A Price Action Symmetric Triangle pattern formation on the 5 Min time frame chart supports AUDJPY Bullish bias. A break of 99.860 will support the rise towards the target of 99.905 the break of 99.905 would push the price to 99.935.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 101.016
- Support S1: 100.943, S2: 100.856 , S3: 100.783
- Resistance R1: 101.103 , R2: 101.176 , R3: 101.263
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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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