A very common chart pattern, the triangle formation, is a trend continuation pattern. Their formation indicates that the ongoing trend will continue to exist for some more time, provided that the pattern is confirmed and triggered. Still, the triangle formation can also indicate a trend reversal.

Part of our multimedia library, learn in this video what is a triangle formation in Forex and how to use this price pattern on your trading strategy.

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If you would like to know more about the importance of price action and the use of technical analysis applied to the trading strategies, please read our complete article What is Technical Analysis in Forex