Daily/4H/1H/30mins timeframe (select only 1)
 Clear market structure of the triangle with 5 touches (✓)
 Identify key levels for break out (✓)
 Stop order at the break of identified key levels in the direction of prior impulse, opposite direction for a reversal or both (✓) seen as an accumulation structure
Additional confluences: Support (R turned S on Daily) or Resistance where the triangle is placed, longer term trend, conditions on higher timeframe or Bollinger Bands.
1% capital risked for potentially 2R
Open: 1.401 | Stop loss: 1.392 (-90 points) | Take Profit: 1.419 (+180 points)
Remarks: Triangle is located at a level on the Daily that is a support.
At entry, stop loss placed under/above a prominent key level that made up the triangle. Depends on the market structure and size of triangle.
Take profit at the next nearest key level on the same timeframe.
Extra: Risk halved as price is approaching resisting trend line
After break out or next swing L/H established, shift stop to break even.
At 80% of take profit, shift stop to 50% mark or below/above swing L/H.
If price breaks and closes under/above the 30SMA, tighten stop loss and prepare for manual exit.
 Initial stop loss
 Trailing stop, as mentioned under management
 Manual exit due to change of momentum and break of market structure
 Take profit