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4 Keys to Profitable Forex Trend Trading: Unlocking the Profit Potential of Trending Currency Pairs by Christopher Weaver

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Key 4 . Symmetrical Triangles

Like the three keys that we have already discussed, symmetrical triangles can be used to identify highly successful trading opportunities based on specific patterns in the price action.

The Theory

Primary strength: clear message – indecision

A symmetrical triangle can be like a family get together. Once the family comes together, someone needs to decide what everyone should do. At some point, someone is likely to suggest going out for dinner. Normally everyone agrees to a suggestion like this. After all, who doesn’t like going out to eat? The question that arises next, however, is not so easy to answer. It is the question of where the group should go to eat. At this point, no one is willing to give a straight ...

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