Triangle Trading

Forex triangles are a very popular concept of price action. There are many misconceptions about what they really show and how to interpret them correctly. But the truth remains that these patterns can tell you a lot about market dynamics, changes in price momentum, and the balance between bulls and bears in forex. If you know what to look for, of course.

Manual forex strategies differ from automated and semi-automated trading methods in that all market analysis and other actions are performed by the trader, without the use of additional indicators. Sometimes, when trading according to manual strategies, Moving Averages are added to the chart, which will show the direction of the trend. However, they are only used to assess the general market situation and not for finding entry points. Today we will learn about the most profitable trading strategies, including grid trading.