Looking closer at the AUDUSD Weekly graph we can see the creation of a symmetrical triangle pattern. To identify this pricing pattern, we first need to identify the graphs current support and ...

The AUDUSD is generally known for its long trending moves. However, the pair has been quietly consolidating after its 3014 pip advance from the October 2008 low at .8065, to the July 2010 high at ...

Stop orders should be placed above the current resistance line in case price breaks up to higher highs against our entry. In the example below, our stop resides above the July 2012 high at 1.3075.

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...

Discover how symmetrical triangle patterns can help predict price movements in both uptrends and downtrends, and learn how to trade them effectively. A symmetrical triangle is a popular chart pattern ...

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Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

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