XAUUSD Triangle Break out Indicator

With XAUUSD Triangle Break Out Chart Setup the price breakout can move in any direction.

Triangle Chart Setups

Symmetrical triangles are patterns with converging trendlines that form a consolidation period of the price. The technical analysis xauusd buy signal from a symmetrical triangle is the upside price breakout, while a down-side price break out is a technical xauusd sell signal. Ideally the market breaks out from a triangle chart pattern - symmetrical triangle prior to reaching the apex of the triangle.

Trend Lines can be plotted connecting the lows & highs of the triangle chart pattern phase, the trendlines formed are symmetric & converge to form an apex - xauusd trading triangle pattern - xauusd trading triangle pattern. A Triangle Break Out should occur somewhere between 60-80% into the trading triangle chart setup. An early or late XAUUSD Triangle Break Out is more prone to whipsaw signals, and therefore less reliable. After a price break out the apex of the trading triangle forms support & resistance zones for the price. Price that has broken out of the apex should not retrace past apex of the trading triangle chart setup. The apex of the triangle pattern is used as a stop loss order setting area for the open trades.

When these trading triangle chart patterns form we say that the market trend is taking a break prior to deciding next direction to head.

These trading triangle chart patterns form when there is a tug of war between the buyers & the sellers and the market can't decide which way to proceed.

XAUUSD Triangle Break Out Chart Pattern - XAUUSD Triangle Chart Setup XAUUSD

However, this xauusd trading triangle pattern can't go on forever & just like in a tug of war one side eventually wins, looking at the Trading chart below see how the triangle eventually had a xauusd trading break out and moved in one direction - XAUUSD Triangle Break Out Chart Pattern. Now how do you make sure you select winning side?

XAUUSD Triangle Break Out Indicator MetaTrader 4 - Triangle Indicator Gold - XAUUSD Triangle Indicator MetaTrader 4 - XAUUSD Triangle Chart Setup XAUUSD

XAUUSD Triangle Break Out Chart Pattern - XAUUSD Triangle Break out Indicator MetaTrader 4

Now back to our xauusd trading question, how do we ensure we're on right side of trade?

Well we wait til the price moves past one of the trendlines of the trading triangle pattern and put buy orders or sell orders in that direction. If price xauusd trading breaks the upper triangle line we buy, if it price breaks the lower triangle line we sell.

Alternatively if you do not want to wait for a xauusd trading triangle xauusd trading break out - you can use trade ending orders.