FOREX THEORY
Triangles
The third way you can spot breakout
opportunities is by looking for triangles. Triangles are formed when the market
price starts off volatile and begins to consolidate into a tight range. Our
goal is to position ourselves when the market consolidates so that we can
capture a move when a breakout occurs.
There are 3 types of triangles:
1.Ascending triangle
2.Descending triangle
3.Symmetrical triangle
0 comments