Setup:Trade when price breaks out of the triangle either on the downside or upside.
Example: if price breaks on the downside of the triangle at 127.58
127.58 minus 8.34 = 119.24 area profit target
Note: If you switch to the 1 day chart you can see the triangle more clear.
Symmetrical Triangle calculation
High 133.485 minus Low 125.143 = 8.34 pip move
These are the videos I learned on how to trade forex
This is a video on how to place stop out and limits on trading triangles
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