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Update Chart: Nama Patterns Symmetrical Triangle. Buyer & Seller; Tug of War to win. Look at number (1), (2), (3), (4) & (5). Most of the time; price will breaks at number (5). The best place for stop loss is at (4). For TP, Normally range in between (1) & (2) is the target from breakouts level.
Two Classical Symmetrical Triangle (Bullish & Bearish)
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Symmetrical Triangle Chart Patterns. How to trade this chart patterns?
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Look at above chart. We see potential 400 pips down if price successfully breaks lower trendline. I will update the chart and how to trade this type of chart later (Update of Chart Suggest Successful Breakout of Symmetrical Patterns).
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