Jose_M4

ASCENDING TRIANGLE FORMATION ON AUDJPY

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
The ascending triangle is a variation of the Symmetrical Triangle.The difference is that the Ascending Triangle has a resistance line instead of a downward slanting trendline like in the Symmetrical Triangle.The ascending triangle is a continuation pattern,it is generally considered bullish and is most reliable when found in an uptrend.
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