How to identify and Trade Triangle Chart Patterns in Forex

How to identify and  Trade Triangle Chart Patterns in Forex

   The basic construct of this chart pattern is the convergence of two trendlines - flat, ascending or descending - with the price of the security moving between the two trend lines

when analysis the market we can identify 3 types of triangles

• ascending  triangles

• descending triangle

• symmetrical triangles

before you learn about triangle see our previews post about how to draw trend lines. also read support and resistance post

tip  triangle pattern is many times continue the trend. as a example if market coming down and if we show any triangle pattern, then many times market going to down side

here is the snapshots example for triangle chart pattern

triangle pattern 1

triangle pattern 2

triangle pattern 3

also see this short video to learn more about triangle patterns

if you have any confuse then comment under the post. 

Thanks and have a nice day