FOREX THEORY


Symmetrical Triangles (Part 3)

In the case of the symmetrical triangle, you want to position yourself to be ready for both an upside or downside breakout. A perfect time to use the one-cancels-the-other (OCO) order! Don’t remember what an OCO order is? Go review your types of orders!

In this scenario, GBP/USD broke out on the upside and our long entry was triggered.


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