Today Economic Calendar GMT
High volatility expected on USD pairs
Medium volatility expected on GBP pairs

HOW TO IDENTIFY A DESCENDING TRIANGLE PATTERN ON FOREX CHARTS

Downtrend: The market must be in a downtrend before the descending triangle pattern appears.

This is important and emphasises that traders should not simply trade the pattern whenever the descending triangle appears.

Consolidation: The descending triangle then appears while the market enters the consolidation phase.

Upper trendline: While the market is consolidating, a downward sloping trendline can be drawn by connecting the highs.
This downward sloping trendline shows that sellers are slowly pulling the price down

Lower trendline: The lower trendline acts as support. Price often approaches this level and bounces off until the breakout eventually occurs.

Trend continuation: After price posts a strong break below the lower trendline, traders will look for confirmation of the pattern via continued downward momentum.

Free signal will be published soon

🥇 Forex Signals 🥇

📆 Signal Published ::::::: 17/7/2025

✅ Symbol ::::::: GOLD

📈BUY AREA ➡️ 3312

💠 Take Profit 1 : 3321
💠 Take Profit 2 : 3332
💠 Take Profit 3 : 3341
💠 Take Profit 4 : 3358
💠 Take Profit 5 : 3388

✖️Stop Loss ➡️ 3304 (80 PIPS)

🔔Use Risk Management
🏆Forex Signals 🏆