TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER
Always be consistent of the direction of the trend prior to the consolidation period.
Make use of upper and lower trendlines to help identify which triangle pattern is being formed.
Use the measuring technique discussed above to forecast appropriate target levels
Adhere to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades
GOING LONG FROM 12100
STOP LOSS 12047
Always be consistent of the direction of the trend prior to the consolidation period.
Make use of upper and lower trendlines to help identify which triangle pattern is being formed.
Use the measuring technique discussed above to forecast appropriate target levels
Adhere to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades
GOING LONG FROM 12100
STOP LOSS 12047