Figure 2 shows a symmetric triangle. Forex chart patterns can help you enter a trade on a low and exit high or as metaphorically known "ride the wave" of a pair's movements. Symmetrical triangle in a downtrend The first type of pattern is the symmetrical triangle pattern. In this case, we would place entry orders above the upper line the lower highs and below the support line. The trader can participate in the start of a potential trend while implementing a stop. Chart, candlestick and Ichimoku patterns all provide visual clues on when to trade.
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The power of chart pattern recognition and many examples all in one chart of GBP/JPY.
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