Triangle Pattern

The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained by 2 converging trend lines with a similar slope), ascending (price is contained by a horizontal trend line acting as resistance and an ascending trend line acting as support) and descending (price is contained by a horizontal trend line acting as support and a descending trend line acting as resistance).

The more price approaches the apex (where the trend lines converge), the higher the chance of a break-out. The pattern is complete when price breaks out of it, in either direction. Conservative traders look for additional confirmation. The target can be estimated by measuring the height of the back of the triangle and extending it in the direction of the breakout. A common stop level is just outside the triangle.
Rocketman Rocketman PRO GBPJPY, D, Short , 16 hours ago
GBPJPY: GBPJPY and the Annual Yen-repatriation + tech set-up: 300 pips!
160 3 9
GBPJPY, D Short
GBPJPY and the Annual Yen-repatriation + tech set-up: 300 pips!

Fundamental: While I posted before that GBP is undervalued, I also posted that sentiment may affect this pair. Now, the GBP currency has another challenge ahead. It is called Yen-repatriation. Japanese exporters should be deferring their money back to Japan around this time. It could be too early. And GBPJPY may not be the ideal pair to trade. It would be ...

FxWirePro FxWirePro PRO JPN225, D, Long , 15 hours ago
JPN225: Nikkei225 takes support trendline, good to buy on dips
66 0 10
JPN225, D Long
Nikkei225 takes support trendline, good to buy on dips

Major resistance - 19500 ( trend line joining 19698 and 19535) Pattern formed - Symmetrical Triangle pattern Nikkei has shown a mild decline below 19000 and recovered mildly from that level.It is currently trading at 19074 0.39% lower. •The index retreated slightly from the high on account of minor weakness in USD/JPY and the pair has taken support near 100 ...

lackjunkie lackjunkie USDJPY, 15, 20 hours ago
USDJPY: uj short 15min
75 0 7
USDJPY, 15
uj short 15min

ascending triangle

prince12diol prince12diol USDJPY, D, Long , 8 hours ago
USDJPY: USDJPY Long oppourtunity
46 0 6
USDJPY, D Long
USDJPY Long oppourtunity

Market is closing on to a decision point. Major support and resistance level retests. ABCD pattern completion right at the killzone. Looking to buy this up of all falls into place. On the other hand market is putting in a good descending triangle which opposes the buy signal. This is where your trading plan comes into play. Trade what you see guys AKA what you ...

lucian.moldovan.1420 lucian.moldovan.1420 GBPJPY, 240, Short , 20 hours ago
GBPJPY: Potential setup
36 0 6
GBPJPY, 240 Short
Potential setup

The 1-month fine triangle pattern is breaken below bottom trendline and also 140 support level .Usualy the move after breaking the pattern is equal in pips with triangle basis (700pip) but I expect at least 300pip move as it could be an ABCD pattern also. I suggest to enter this trade after an flag and/or trendline retest.

a2xm a2xm GBPUSD, 240, Short , 4 hours ago
GBPUSD: GBPUSD anticipation
31 0 5
GBPUSD, 240 Short
GBPUSD anticipation

GBPUSD if break down the symmetrical triangle will be go to those price areas.

PietroCasoar PietroCasoar PRO EURCAD, 60, Long , 7 hours ago
EURCAD: Possible LONG on Wave E Completion W/ Bullish Gartley confirmed
10 0 5
EURCAD, 60 Long
Possible LONG on Wave E Completion W/ Bullish Gartley confirmed

We have a confirmed Harmonic Bullish Gartley on the 1H with what seems to be within a Triangle and mid way completing a wave E on the Minor Period. Both targets of the Gartley have been hit already, and now I'm awaiting a LONG on the completion of wave E on the Minor to then proceed to a SHORT for a wave 5 on the Minor period. SMA shows approaching bullish trend ...

MarcuDan MarcuDan NZDCHF, 60, Short , 13 hours ago
NZDCHF: NZD/CHF sell setup
4 0 5
NZDCHF, 60 Short
NZD/CHF sell setup

We have a triangle pattern on the H4 chart. Price was rejected from the upper trendline of the triangle and it looks like we are heading to its bottom. Price is consolidating now if form of a wedge. Will be looking for sell at the break of this wedge/flag.

tommyb35 tommyb35 GBPJPY, 240, Short , 3 hours ago
GBPJPY: Are We Breaking Out?
28 0 4
GBPJPY, 240 Short
Are We Breaking Out?

Here on the GBPJPY we have a very big triangle pattern that appears to be breaking out. No if you don't trade breakouts, missed the breakout or just want a little more confirmation, you can wait for a pullback and then enter on a simple trend continuation style trade. Now minimum stops need to be above the previous swing high, and you can take targets a multitude ...

PietroCasoar PietroCasoar PRO CADCHF, 60, Short , 6 hours ago
CADCHF: Possible SHORT on breakout of structure + FLAG pattern
7 0 4
CADCHF, 60 Short
Possible SHORT on breakout of structure + FLAG pattern

It seems we have a very high probability of a SHORT on the breakout of structure which has formed a FLAT pattern. MACD shows probable move downwards with RSI and Stochastic showing probable pending move downwards. Elliott wave count seems to suggest this is the last leg of an ABCDE triangle, where we are currently midway through wave E (Bearish). I'm of the ...

HouTianTan HouTianTan USDCNH, D, Short , 16 hours ago
USDCNH: USDCNH Short Target 6.7200
6 0 4
USDCNH, D Short
USDCNH Short Target 6.7200

The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range. Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.

Sensei Sensei PRO EURCAD, D, Short , 5 hours ago
EURCAD: EURCAD BEARISH TRIANGLE/SUPPORT SETUP
3 0 2
EURCAD, D Short
EURCAD BEARISH TRIANGLE/SUPPORT SETUP

One could argue this pattern outlined by the trend lines i've drawn in blue is a triangle. If not, certainly it could be said that the lower horizontal trend line is a support. Either way, we're definitely looking to break lower in my opinion. Easy setup here, sell the breakout. Enjoy!

bogd bogd GBPEUR, D, a day ago
GBPEUR: Clear Triangle Pattern, with great Risk/Reward ratio
15 0 3
GBPEUR, D
Clear Triangle Pattern, with great Risk/Reward ratio

On the graph, there is the triangle pattern, one of the most wide known phenomenon in forex trading, which makes it one of the most reliable strategy as well: waiting for the break through and opening position in the appropriate direction of the breakthrough. Good risk reward ratio: If Long then we can put stop loss at around 1.1659 and take profit at 1.2338 ...

hpter hpter AUDUSD, 240, Short , a day ago
AUDUSD: AUDUSD Triangle Pattern Short Setup
31 0 5
AUDUSD, 240 Short
AUDUSD Triangle Pattern Short Setup

AUDUSD been in consolidation phase with recent breakthrough of the lower support with huge bearish engulfing candle. Strong resistance barrier at 0.77312 due to high volume selling at that resistance level . Sell at 0.76669 TP at 0.74774 SL at 0.77400 IMO Good luck guys

hpter hpter AUDUSD, 240, Short , a day ago
AUDUSD: Triangle pattern on AUDUSD H4 Chart
23 0 5
AUDUSD, 240 Short
Triangle pattern on AUDUSD H4 Chart

AUDUSD been in consolidation phase with recent breakthrough of the lower support with huge bearish engulfing candle. Strong resistance barrier at 0.77312 due to high volume selling at that resistance level . Sell at 0.76669 TP at 0.74774 SL at 0.77400 IMO Good luck guys

lackjunkie lackjunkie GBPJPY, W, a day ago
GBPJPY: Weekly GJ Descending Triangle
78 0 4
GBPJPY, W
Weekly GJ Descending Triangle

look the chart and comment with your opinion. no recommandation

StrataOrion StrataOrion GBPUSD, 240, 2 days ago
GBPUSD: Compressing Symmetrical Triangle - GBPUSD
96 0 7
GBPUSD, 240
Compressing Symmetrical Triangle - GBPUSD

For the interim, I am Neutral on this pair until I see how price action reacts upon the approach of the Up-Trend Trendline. If it respects the Up-Trend Trendline, then I will look for longs towards Down-Trend Trendline, but it if manages to break the Up-Trend Trendline, upon retest look for possible short into supply zone which is also a significant support level ...

MattWalz MattWalz GBPJPY, D, Short , 2 days ago
GBPJPY: GBPJPY triangle breakout
39 0 3
GBPJPY, D Short
GBPJPY triangle breakout

For the past few months price has consolidated in a symmetrical triangle pattern. After Friday's breakout, I will be looking for a retest and rejection to get in short on this pair. If these parameters are met, we could expect to see a big bearish run resume on GBPJPY

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