Symmetrical Triangle is one of the most important chart patterns in technical analysis.
Triangles patterns form when price reaches support and resistances levels in consolidation ranges.
Symmetric Triangles can be continuous or reversals patterns.
USDJPY examples a Symmetric continuous Triangle Pricing above the breakouts levels.
Trade above the breakout with a confirmed t trend
EL: 130.258
ST: 129.803
Target1:
62%: 131.597
79%: 131.875
Target2:
127%: 132.654
162%: 133.210
Triangles patterns form when price reaches support and resistances levels in consolidation ranges.
Symmetric Triangles can be continuous or reversals patterns.
USDJPY examples a Symmetric continuous Triangle Pricing above the breakouts levels.
Trade above the breakout with a confirmed t trend
EL: 130.258
ST: 129.803
Target1:
62%: 131.597
79%: 131.875
Target2:
127%: 132.654
162%: 133.210
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