Day Trading Forex with Price Patterns - Forex Trading System by Damir Laurentiu

Author:Damir, Laurentiu [Damir, Laurentiu]
Language: eng
Format: mobi, epub
Published: 2012-07-03T00:00:00+00:00

Ascending triangle: this is a bullish continuation pattern. It must have at least two highs and two lows that you can connect with trend lines. The upper trend line must be horizontal; the lower trend line must be a diagonal one like in the chart below:

This being a bullish pattern we must make sure first that the most recent impulsive move on the 4h chart is also a bullish one. You can see we have two highs and three lows here, pattern breaks on the upside as expected. Here is another ascending triangle:

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