Community Blog

Filtered by tags:  Ascending Triangle
Avatar

Strategy Contest – July 2020 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of revers…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/CAD is likely to fall

EUR/CAD is tracing an ascending triangle which is a bearish pattern. The pair is likely to breach the lower line of the triangle and fall towards level of 1.4478.
Support and resistant levels are
1.5411
1.4823
1.4478
Day Chart
Week Chart
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/CAD traced an ascending bearish triangle

USD/CAD has traced an ascending triangle pattern which is a bearish chart pattern. The pair is falling downwards. It likely to fall towards the support level at 1.2440.
Read full story
Translate to English Show original
orto leave comments
Avatar

USA Tech Index just breakout from a traingle Pattern

Chart Analysis
USA Tech Index just breakout from an ascending triangle pattern. The index is expected to further move upside.
Indicators Readings
SMA50 and SMA200 in day chart are below the price and rising.
ADX9 in day chart is at 28 and shows strong trend.
Fibonacci expansion Levels are
100% (6657.06)
61.8% (6500.14)
Fibonacci Retracement Levels are
0% (6420.56)
23.6% (6323.60)
38.2% (6263.64)
50% (6215.16)
61.9% (6166.69)
100% (6009.76)
Day Chart
Week Chart
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/CAD is bullish and rising inside a triangle

USD/CAD is moving inside an ascending triangle. The pair is also tracing the wave 5 of the 1-2-3-4-5 Impulsive Elliot Waves. The pair is currently at 50% (1.2927) fibonacci level.
The Fibonacci Retracement Levels are
100% (1.3793)
61.8% (1.3131)
50% (1.2927)
38.2% (1.2722)
23.6% (1.2469)
0% (1.2061)
Daily Chart
Weekly Chart
Read full story
Translate to English Show original
orto leave comments
Avatar

GBP/JPY will likely break out

GBP/JPY is currently tracing a ascending triangle pattern. The pair once breach the triangle could breakout and could test resistant level at 162.90.
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/AUD is bullish

EUR/AUD is bullish. The pair is tracing a ascending triangle pattern. The pair is also at the wave 4 of the 5 emotive elliot waves.
Major Support and Resistant Levels are :
1.5630
1.5175
1.4680
1.3985
1.3650
Daily Chart
Weekly Chart
Read full story
Translate to English Show original
orto leave comments
Avatar

AUDCAD is likely bullish short term

AUD/CAD is tracing an ascending triangle. It likely will rise and test 1.036 to form the triangle and then fall.
Read full story
Translate to English Show original
orto leave comments
Avatar

8 DEC 16 | GBPUSD | SELL SETUP EXECUTED

Hello fellow traders,
Our GBPUSD setup discussed on 4 Dec 16 has been executed and the pair has shed more than 200 pips from the level of confluence of resistance. A close below the trend line is required to see previous low of 1.19198
DAILY CHART
4 HOUR CHART
I expect the pair to reach 1.2520 before it finds the support and some profit taking may happen there which may result in rising up to touch the horizontal line again where we may witness a big sell off again. Well, this is just a speculat…
Read full story
Translate to English Show original
TInna avatar
TInna 9 Dec.

very good!

orto leave comments
Avatar

6 DEC 16 | AUDUSD | A GOOD SELL SETUP

Hello fellow traders,
From the chart of AUDUSD we can clearly make out the formation of an ascending triangle pattern and the horizontal which was previously support may act as strong resistance and the pair may be sold there with tight stop loss just above the resistance zone.
Any comments about the setup are welcome.
Happy trading to all.
Read full story
Translate to English Show original
galjasen avatar
galjasen 7 Dec.

Happy trading to you ,too.

TInna avatar
TInna 9 Dec.

good luck:)

orto leave comments
More