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Tecnologia_Financiera
Feb 4, 2016 4:28 PM

NZDJPY Ascending triangle 

New Zealand Dollar/Japanese YenFXCM

Description

the Ascending tiangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.

Traders enter into long positions when the price of the asset breaks above the top resistance. Wait for a candle of confirmation.

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