So today lets look at a triangle on the Eur/Usd.
4HR chart
We have the resistance at 1.4920 and the support at 1.4626. Then from the support to the resistance we have a rising trendling underneath. That is what forms the triangle.
So the way to trade this is to draw the support, resistance and trend lines. Than zoom in to a 10 min chart to see if there is more room to see the price moving. So lets look now at the 10 min chart.
When the price breaks one of those lines than a new candle opens enter in the direction of the trade. Keep your stop loss above or below the most recent support or resistance. Open multiple lots in order that you can take quick profits than move your trade to break even and let the rest run if the pair decides to trend.
Also keep the total amount of all lots open at 2% to minimize risk.
Thats it give it a try and email me or write a comment here if it works or if it doesnt work.







