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.
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.