Example of Ascending Triangle Trade Setups To illustrate the application of the ascending triangle pattern to forex trading, consider a hypothetical trade setup as follows.

An example how effective an ascending triangle can be is seen on the AUDJPY chart, where the ascending triangle has been present since June. Last week, the price finally broke the 76.6 resistance ...

Since then, price action on the S&P500 has risen into this ascending triangle and the stochastic oscillator has moved up into overbought territory. We expected that last week’s rally on WTI ...

For instance, Bitcoin underwent a sharp upside retracement — from $3,100 to $14,000 — after painting a similar triangle pattern between December 2018 and April 2019, as veteran market analyst ...

The weaker USD is helping keep the price of gold high. We see a similar situation with Silver in what could be an ascending triangle or, in fact, a symmetrical pennant. That’s all for now.

On the daily chart, the price has also paused to trade in an ascending triangle. However, here, the resistance line is horizontal at the 237.13 level. Before this pattern, the price was trading in ...

Now the symmetric triangle; the first one can be spotted on the EURUSD. The formation started at the end of March and has been blocking us from seeing a more directional trend since then. Most ...

For example, the Bitcoin (BTC) price chart above shows the BTC/USD trading pair forming an ascending triangle pattern between April 2020 and July 2020. The BTC price breaks out of the triangle ...