FX:EURJPY   Euro / Japanese Yen
149 3 0
This is a daily chart , to see more clearly, please zoom out and you see that it is an ascending triangle - continuation pattern, enter break of trend line A - B, target take profit at - half contract at 1.272 and another half at 1.414 Fibo Expansion
for quick reference but not in detail, please read this website ; http://en.wikipedia.org/wiki/Triangle_(chart_pattern)
The ascending triangle....

The ascending triangle is formed when the market makes higher lows and the same level highs or almost the same level high. These patterns are normally seen in an uptrend and viewed as a continuation pattern as buying demand gain more and more control, running up to the top resistance line of the pattern. While you normally will see this pattern form in an uptrend, if you do see it in a downtrend it should be paid attention to as it can act as a powerful reversal signal.
in this case this patern formed in the up trend......

you can refer the ascending triangle to other sources and books that will explained in detail technically what this patern is.... Thank you for you comment....
I'm curious what strategy you are using that describes an ascending triangle as a continuation ? Everything I've ever seen, read or experienced has shown that ascending or an ending diagonal is a trend reversal pattern and if there is a breakout above a-b it will be short and false. (and false breakouts are quite common to this pattern) I'd like to study such a strategy. Thanks !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out