Daniel.B

Technical Pattern to monitor

FX_IDC:EURUSD   Euro / U.S. Dollar
396 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! =)
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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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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