Symmetrical Triangle patterns are one of my favourite patterns to track as they are generally very successful breakout patterns.

The example here on the EUR/AUD was a pattern that delivered a bearish breakdown. This triangle pattern was first noted on 17th March 2014. The move gave over 500 pips of a possible 700 pip move.

**EUR/AUD:** triangle bound on the daily chart:

**March 21st:**I then received a TS signal to short off the 4 pm candle update on Friday 21st March. Price was below the Ichimoku Cloud on the 4hr and daily chart and so the signal was valid. Price also made a triangle break for added confluence:

EUR/AUD daily chart **Triangle breakdown**: The theory with these patterns is that the breakdown value is equivalent to the ‘height’ of the triangle. The ‘height’ of this triangle is about 700 pips and, hence, the expected breakdown move is also 700 pips.

**7th April: Triangle breakdown completed? **

**Triangle breakdown****:** The daily chart shows how the triangle breakdown may have completed now. This triangle break down has yielded approximately 500 pips so far. This move, from the previous week, came along with a very profitable TS signal. The theory with these patterns is that the breakdown value is equivalent to the ‘height’ of the triangle. The ‘height’ of this triangle is about 700 pips and, hence, the expected breakdown move is also 700 pips. A 500 pip move here was not the full quota but still a very healthy target indeed!

EUR/AUD daily: showing 500 pip move: