ascending triangle on eur usd

FX:EURUSD   Euro / U.S. Dollar
Comment: Attempt to go lower
ascending triangle is a bearish signal
+1 Reply
TAJIR_B Mazenism
@Mazenism, no. the best thing is waiting the breakout direction
Mazenism TAJIR_B
@TAJIR_B, ascending triangle is most probably combined with a strong bearish divergence, indicating weakness of the current trend.

And for EURUSD, on the timeframe used in the chart attached, The trend is showing strong bearish divergence. So this ascending triangle is a bearish one, with reversal breakout.

Anyhow, wait for the breakout. then don't forget to get back to me :)
+3 Reply
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