The forex triangle pattern is a price consolidation shape that signals potential continuation or reversal.

The forex triangle pattern is a price consolidation shape that signals potential continuation or reversal. Formed by converging trendlines—flat or sloping—triangles compress volatility as buyers and sellers reach temporary equilibrium. Traders watch three common types: ascending, descending, and symmetrical. Each type reflects different order-flow dynamics and offers clues about the likely breakout direction. In forex, where sessions overlap and liquidity is deep, triangles often act as staging areas before momentum resumes. The key is not guessing, but waiting for confirmation: a decisive close outside the pattern, ideally on rising activity, followed by a retest. Clear entry, stop, and target rules can turn a simple shape into a disciplined plan. Measure the height of the triangle to project targets, align with higher timeframe trend, and size positions prudently. This page explains how triangles work, how to draw them, and how to trade breakouts with confidence. Common mistakes include forcing trendlines, entering before a close, and ignoring broader market catalysts; avoiding these can improve accuracy and risk control.

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