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Guidelines for trading by Ascending Triangles

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  • Guidelines for trading by Ascending Triangles

    Guidelines for trading by Ascending Triangles

    Ascending triangles are wedge-shaped patterns that break out most often upward. The triangle can act as a reversal or continuation of the existing price trend.

    Busts the ascending triangle A busted ascending triangle occurs when price breaks out in one direction, moves less than 10 percent before reversing, and continues in the new direction to close above the top or below the bottom of the triangle.

  • #2
    I actually don’t know about this pattern as I am a new trader. However from my small expedition in forex market I can realize that detailed market analysis can help a foreign currency exchange trader to achieve successful journey ahead. A trader should use try to analyze the future price movements from the past and current price data and technical analysis can help a trader to recognize the market behaviors.