by TFK6: This forex strategy is based on one of my most favorite entry methods. It takes advantage of something that cannot be hidden on masked. The results of struggle between the bulls (traders interested in upward movement) and bears (traders interested in downward movement). Each of the group has money in stake. They want market to move in their direction bad. At some occasions the struggle between them is clearly represented in the chart and may provide great entry opportunity.

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Ascending / descending triangle in trend. Those are two specific formations we will be interested in, we will look more closely on them in a moment.
Used forex indicators
MACD (moving average convergence divergence) 50,100,9: MACD histogram will be used to identify the trend without creating the clutter directly in the chart so we can focus on what we are looking for – specific triangle pattern.
Forex strategy rules
BUY
MACD histogram closing above zero – in positive values. This signalize ongoing uptrend. We will enter long trades only.
We will be looking for ascending triangle chart pattern. Triangle with horizontal upper resistance line and upward sloping bottom support.

This shows that bulls are able to push the price higher with each swing. All that bear manage to accomplish is to hold the line for a while.Considering the fact that according to most commonly used MA, uptrend is present in the market and bulls are winning the fight, we will enter trade long once the will of bears got broken.
This is shown on strong bullish (breakout) candle closing above the horizontal resistance line.
We enter the trade on breakout candle close. Stop loss should be placed below the low of a candle.
As take profit we should use the triangle width at its base.
SELL
MACD histogram closing below zero – in negative values. This signalize ongoing downtrend. We will enter short trades only.
We will be looking for descending triangle chart pattern. Triangle with horizontal bottom support line and downward sloping upper resistance.

Fundamentally this show that bears are able to push the price lower with each swing. All that bulls manage to accomplish, is to hold the line for a while. Considering the fact that according to most commonly used MA, downtrend is present in the market and bears are winning the fight, we will enter trade short once the will of the bulls got broken.
This is shown on strong bearish (breakout) candle closing below the horizontal support line.
We enter the trade on breakout candle close. Stop loss should be placed above the high breakout of a candle.
As take profit we should use the triangle width at its base.