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The market takes a small break during the trend and it forms a pennant pattern in the chart. Pennant looks like the shape of the symmetrical triangle, as both triangle and pennant are bound by trendline support and resistance lines.

The difference is that pennant appears during the trend, but triangles can be formed during forex trade trends and general consolidation periods. Pennants could be bearish or bullish depending on the trend direction. When a pennant occurs during a trend, it has the potential to push the price in the direction of amex forex rates overall trend.

If the pennant is amex forex rates, the minimum take profit target should be the number of pips moved in the first wave of the pennant as shown in the chart picture. After a breakout, the distance of the first wave inside the pennant should be your minimum take profit target. Flag pattern is similar to pennant pattern. Whatever rules applied in pennant chart pattern applies to flag pattern too. The amex forex rates difference between flag and pennant is, Flag looks like a small channel parallel lines in a trend.

Rectangle shape formed in the chart when the market is moving up and down between horizontal support and resistance levels. The market takes a long break from the trend move and it keeps moving up amex forex rates down between the certain price level.

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Cons Only 1 regulator. Who is the largest Forex broker. The largest Forex broker by volume traded is currently IC Markets. Who is the best Forex broker for amex forex rates accounts.

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