Ascending Triangle on EUR/USD

FX:EURUSD   Euro / U.S. Dollar
527 4 5
The Ascending Triangle chart pattern is spotted on EUR/USD             daily chart . The Ascending Triangle is a bullish reversal pattern in a downtrend, which means the direction of the breakout is upward. Also, 70% of the time, the breakout of this pattern is upward. So, in this case, I would go for a long setup.
Agreed. there is a resistance line at about 1.1260, so we aim for about 350 pips.
avis06 eliaselias
Thanks for your comment.
Agree, i didnt see this triangle pattern. I expect the 1.1500 to be reached
avis06 FullTimeTrader
Nice work!
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