Daniel.B

Technical Pattern to monitor

FX_IDC:EURUSD   EURO / US DOLLAR
388 2 9
Well what we have is an ascending triangle pattern that has formed on the W1 chart for the Euro             . This is a breakout pattern, and by the aggressiveness of the Euro             bulls it looks like we may get a breakout above the resistance area. Anyhow this is my analysis on E/U, simple and straight to the point. Not taking any positions yet.

Cheers, and good luck with the upcoming week of trading! =)
shaho
a year ago
Thanks for sharing, I think Ascending triangles are generally considered bullish and are most reliable when found in an up-trend.
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Daniel.B shaho
a year ago
Sure thing glad you liked the post! =) Yes, they are considered a bullish pattern, and totally agree with you that they're the most reliable in an up-trend. =)
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