times with the boundaries of the triangle before making a breakthrough at point. The upside breakout failed to sustain in the above example. However, the price could not overcome the resistance (the red line) and touching the tip of the triangle goes down.
While futures trading strategies that work these three triangle patterns tend toward certain signals and indications, its important to stay vigilant and remember that the market is not known for being predictable and can change directions quickly. I think today the price may form a consolidation channel to break the level.3400. This triangle pattern is formed as gradually ascending support lines and descending resistance lines meet up as a securitys trading range becomes increasingly smaller. At points 1 and 2, the pair tests the upper and lower boundaries of the triangle. Since the triangle is formed by oblique trend lines, it is necessary to approach the analysis and selection of points for entering the market using the principles of trend movement. These securities are either equity or debt-based.
Forex Analyse technique triangle