Power Course Instructor's Response: Sure- In any type of trading scenario, not only triangles, the 1:2 Risk Reward Ratio
can be employed.
Next, never put more than 5% of your account at risk at any one time and always trade with at least a 1:2 Risk Reward Ratio
Suggested Strategy * Short: Half-sized entry orders will be placed at 137.10 for better risk reward ratio
. * Stop: An initial stop of 138.35 is wide enough to cover the volatility in a false break.
Based on the Daily chart that you post, even a stop of 20-40 pips would provide a favorable risk reward ratio
for the trade.