was formed on 16.06 at 05:01:11 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 165.96/166.46 and upper border is 167.00/166.46. The pattern width is measured on the chart at -104 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 166.31.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
