Triangle is a common pattern,Often appear in "/ Wave 4/","/ Wave B/"and"/ Wave X/" ,It's marking method is ABCDE,We'll find some examples to illustrate the ways in which it is traded.
The usual way of trading is: "/ Wave E/" after entering. We can through the ratio (Fibline), MACD, as well as the trend line, to judge the "/ Wave E/" of the end,and the Minimum target at Wave's lowest point. Like this(2015/12/07 GBP/JPY Diffuse Triangle Pattern ):
(2016/01/15 AUD/NZD Diffuse Triangle Pattern ): "/Wave E/" break the trend line is normal phenomenon, so after we establish positions, Stop-loss can moderate easing.
sometimes It is quite difficult to identify,Like this(2015/09/22 GBP/CAD Triangle Pattern ):
Although it's difficult to distinguish, but this way of trading success rate is very high
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