A symmetrical triangle is quite a popular neutral pattern. However, the breakout is more decisive toward the overall trend. A triangle usually shows that the market is undecided about the price. Two more signals are the higher lows and the lower highs, which tell us that the market seems listless. A symmetrical Forex triangle usually has no difference if you compare it with trading in any other market.
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When the market situation becomes uncertain the charts often form different types of Triangle figures. This is one of the most common patterns in Forex. Therefore, you should understand the peculiarities of triangle trading in Forex, as this pattern is widespread and often found not only in the currency market but also in crypto and other markets. Once you learn how to spot triangles on charts you’ll get a whole variety of additional trading opportunities. Many traders have their own opinions on trading triangles, so let's find out what will suit your trading style based on a descending and ascending triangle.
Welcome to the next issue of the series of articles about trading robots that will help you manage your positions in your absence. Let me remind you that we are not talking about standard Expert Advisors. We discuss the universal assistants that can actually perform lots of useful functions that will facilitate your trading experience.
Due to dishonest advertising, many have the wrong impression that currency traders do whatever they want, and whenever they want. It's a delusion. Any successful trader has an accurate trading routine and a detailed plan that he strictly follows.
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