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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Guide on Trading Ascending and Descending Triangle Patterns
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Sep 24, 2020
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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.
Complete Guide on Diamond Pattern in Forex Trading
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Let's continue the marathon of useful trading patterns. Today we will talk about the Diamond pattern in the foreign exchange market. This is another useful reversal pattern that gives pretty clear signals if handled correctly. Let's see how it works
The best Forex exotic pairs to trade
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Understanding currency pairs is one of the most essential elements in Forex trading. As you know, there are a bunch of various currency pairs like minors, majors, and exotics. In this article, we will share a list of the most popular exotic pairs, and find out what makes exotic currency pairs so attractive for traders.
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