Symmetrical Triangle in an up trend bullish

A symmetrical triangle is a formation in which the slope of price highs and lows are converging to a point. Support and resistance are doping. Symmetrical triangles are formed by rallies and sell-offs, each smaller than the last. As time moves on, an event is imminent. The move will be explos!ve. 'ace a buy order on a break up and out of the triangle but the price could go in the opposhe direction...

1.2215 1.2195 1.2175 1.2155 1.2135 1.2115 1.2095 1.2075 1.2055 1.2035 1.2015 1.1935 1.1975 1.1955 1.1935

Created with Interbank FX Trader, © 2002-2003 MetaQuotes Sofware Corp.

Symmetrical Triangle in a downtrend -bearish

'ace a sell order on a breakout below the triangle.

Created with Interbank FX Trader, © 2002-2003 MetaQuotes Sofware Corp.
Created with Interbank FX Trader, © 2002-2003 MetaQuotes Software Corp.

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