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Triangles Everywhere

Published 05/25/2017, 10:53 AM
Updated 07/09/2023, 06:31 AM

Triangles are favorable patterns that are easy to recognize and offer a lot of opportunities for the short and longer term. In the short term, they provide a nice trade signal depending on the direction of the breakout. Most breakouts are legitimate in my experience. As for the longer term, triangles usually precede the final move of a trend, hinting that an entire trend could soon end.

The Triangles:

  • Gold targeting $1,280-$1,300
  • USD targeting 96
  • EUR/USD targeting 1.13.50.

4-Hour EUR/USD
4-Hour USD
4-Hour Gold

If this trend continues, the targets will remain intact as a breakout will be in the direction of the previous trend.

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