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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 bigger the chance of a break-out. The triangle pattern has completed when price breaks out of it, in either direction. Conservative traders may 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 lies just outside the triangle.
Fxnoise Fxnoise USDJPY, 60,
USDJPY: Bearish E wave down
34 0 3
Bearish E wave down

Possible pattern Looking for fed trigger another leg down then to lay a bear trap and go back up Risk could break 112 and go higher

Fxnoise Fxnoise GBPJPY, 120, Short ,
GBPJPY: looking for bearish c wave
19 0 3
GBPJPY, 120 Short
looking for bearish c wave

possible pattern find resistance here and go back down risk could break 146 head to 147

chartrat chartrat SITO, D, Long ,
4 0 1
SITO, D Long

nice ascending triangle setup. possible retrace before continuation. entry price 5.35-5.41, stop loss 4.90, take profit: 7.48 SITO

Fxnoise Fxnoise EURNZD, 120,
EURNZD: Triangle Breakout
12 0 2
Triangle Breakout

can be down or both currienies look strong

Dukascopy_Analyst Dukascopy_Analyst EURJPY, 240,
EURJPY: EUR/JPY 4H Chart: Symmetrical Triangle
65 0 2
EUR/JPY 4H Chart: Symmetrical Triangle

EUR/JPY 4H Chart: Symmetrical Triangle The ECB President Mario Draghi’s speech last week caused a lot of anxiety in the markets and pushed the Euro into a symmetrical triangle against the Japanese Yen. The pattern has already two reaction highs and two reaction lows, which means that the current round most probably is going to end with the breakout. An ...

zmm20 zmm20 BTCUSD, 60,
BTCUSD: BTC Pennant break up/break down
260 2 6
BTC Pennant break up/break down

Lowest risk option is stay in Fiat now until the pennant breaks out up or down. Higher risk is short now with tight stop down to bottom of the pennant.

zmm20 zmm20 BTCUSD, 60, Long ,
BTCUSD: BTC breakout possible
151 0 6
BTCUSD, 60 Long
BTC breakout possible

First target is ATH trendline, if that breaks long to 3240$ (Bitstamp). If green trendline breaks down, short to purple trendline.

Neos07 Neos07 BTCUSD, 60, Long ,
BTCUSD: Triangle breakout
810 9 11
BTCUSD, 60 Long
Triangle breakout

I don't think it will break the support line as it is a major line, and the chart tested it many times.

Yqztv09 Yqztv09 LILA, D, Long ,
LILA: LILA nearby breakout area, major resistance
28 1 7
LILA, D Long
LILA nearby breakout area, major resistance

LILA is another stock with positions recently added on to by investment group Dodge & Cox. The stock has been trending down since it's initial high, and prices are once again finding an area where they are to either continue on higher, or go down further. The stock has had some slight increase in volume recently, but prices are still below the major resistance ...

Huitwo Huitwo PRO EURGBP, D,
84 0 12

Hi Guys, this looks like a nice buy setup. Wait for a flag then buy the breakout. Trade with care. Thank you for your support.

a.b a.b PRO USDCAD, D, Short ,
USDCAD: Bearish setup on USDCAD daily
600 10 79
Bearish setup on USDCAD daily

A bearish setup is forming on the USDCAD. Let it prove it wants to go down with price action and confirming indicators.

ninjabenja ninjabenja PRO XRPBTC, 240, Short ,
XRPBTC: XRP Doom Target short, then long.
414 0 9
XRPBTC, 240 Short
XRP Doom Target short, then long.

This is a bit granular but I like the way the 4 hr looks. This long trade setup is the coupe de gras on the symmetrical triangle break down. When our long-shot long failed from back on the 7th (see published chart), it confirmed the short trade off the triangle. An aggressive entry would have been a candle close below the pattern on higher time frames. More ...

has1988 has1988 EURUSD, M, Long ,
EURUSD: Longterm EUR/USD. Bullish start of a 16 year cycle
123 0 8
Longterm EUR/USD. Bullish start of a 16 year cycle

Financial Crisis Greek crisis main refinancing operations of zero percent and even the “zero lower bound” get broken negative interest rates, not imaginary before… But since beginning of this year the inflation is rising in average. End of quantitative easing? That´s an everyday asked question in these days. EZB is getting under pressure. Just a matter of ...

a.b a.b PRO USDCAD, 60,
USDCAD: USDCAD watch breakout
378 4 44
USDCAD watch breakout

Look for the breakout and confirming indicators

a.b a.b PRO EURJPY, 60, Long ,
EURJPY: EURJPY buy setup 60 min
286 5 36
EURJPY, 60 Long
EURJPY buy setup 60 min

Watch for a break with confirming indicators

igpromotings igpromotings PRO AUDUSD, D, Short ,
AUDUSD: AUD/USD Contracting Triangle Breakout (TCT)
562 1 23
AUD/USD Contracting Triangle Breakout (TCT)

Good Afternoon, Been looking for this set up for a while now. Waiting for price action to retest trend line for confirmation to go short. This is a longer term trade, if you don't have a finalized entry expect your position to swing against you. This is also a trend continuation trade, AUD/USD is bearish. Look for confirmation to enter, I also advise you to ...

PietroCasoar PietroCasoar PRO ACP, W, Long ,
ACP: A LONG opportunity for Wave E completion, then to a Big SHORT !
14 0 13
ACP, W Long
A LONG opportunity for Wave E completion, then to a Big SHORT !

It seems that as some other players in the Lodgement / Hospitality industry, ACCOR is not immune to market sentiment and investor scrutiny... where currently a LONG position with a reasonable entry is a good trade, but only until what seems to be a completion of a triangle wave E, where if my analysis is correct, there should be a massive SHORT opportunity to ...

a.b a.b PRO NZDCHF, 60, Long ,
NZDCHF: Buy setup on NZDCHF
403 0 62
NZDCHF, 60 Long
Buy setup on NZDCHF

Nice buy setup on the NZDCHF 60 min

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