Forex Ascending Triangle Chart Pattern

 In an uptrend market, The forex ascending triangle is considered to be a bullish continuation chart pattern that formed by two trend lines. In order to recognize as a best ascending triangle chart pattern, there must be at least two points of higher swing lows in support line and a horizontal line of resistance  and confirmed on a sustained break of the ascending triangle.


Forex Ascending Triangle Pattern

Ascending Triangle Trading Ideas
In strong up trends:
Conservative forex traders: wait for a sustained break of the ascending triangle to the upside.
Aggressive forex traders: buy in the vicinity of the ascending support line. Look for oversold signals from RSI, stochastic,.. near support to enter a low risk - high reward forex trade.

GBP/USD 4 Hour Chart Forex Ascending Triangle Example

In strong down trends

Conservative forex traders: wait for a sustained break of the ascending triangle to the downside.
Aggressive forex traders: sell in the vicinity of the horizontal resistance line. Look for overbought signals from RSI, stochastic,.. near resistance to enter a low risk - high reward trade.

GBP/USD 30 Min Chart Forex Ascending Triangle Example