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Forex Trading Trend Patterns - The Symmetrical Triangle

A symmetrical triangle is a Forex trading continuation pattern that occurs in the middle of an uptrend or a downtrend is already in progress. In this Forex trading tutorial we will teach you the steps needed to recognize symmetrical triangles :

  • - First, a symmetrical triangle starts with a change in the direction of currency price. If the currency followed an uptrend then the triangle will start to drop.
  • - Next, the currency rapidly changes direction, with steep rises and drops.
Which makes a symmetrical triangle is that the rises and drops become shorter and shorter, thus forming a sort of triangle. The currency price start with large rises and drops, and converges into a point, that is also the tip of the triangle. After the tip of the triangle is formed, the Forex trading trend that preceded the symmetrical triangle is continued. This is why it is called a Forex trading continuation pattern.

If you draw two lines on the edges of the rapid rises and drops, they will form a symmetrical triangle with the same sides, which is also names am Isosceles.

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