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Symmetric Triangle Trading: MT4 Strategy Revealed!

5 min read

MT4 Symmetrical Triangle Patterns are used by traders to predict a movement in the trend of a currency pair. The pattern is formed by three successive highs and three successive lows, in which the prices act as both support and resistance to movement. This allows traders to profit from the potential bullish or bearish moves in price action. Symmetrical Triangle Patterns help to identify significant breakouts, which can indicate a reversal or continuation of the current trend. Advantages of using this pattern include the ability to detect any kind of reversal or breakouts, as well as identify entry points and target prices.