Trading_Jazz
Long

Triangle Performance History - Statistics // Harmonic Patterns ®

FX:GBPJPY   British Pound/Japanese Yen
FX:GBPJPY            

Trading structure Breakouts:

Triangles on FX:GBPJPY             since Jun 18.

25 Triangle patterns on history:

8 achieved higher projections
5 achieved medium projections
3 achieved lower projections
9 failed

BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD

Safe trades;
Cool.

Triangles can work well I think. I'd say this fits the Demark trendline method too. A bit rudimentary, but basic can be good.
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