Symmetrical Triangle
A chart formation that indicates price consolidation.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Broadening Formation" - A chart pattern that is observed when there is significant increase in the price movements of a currency pair, yet without a clear direction.
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