Patterns

  • EURUSD
  • GBPUSD
  • USDCAD
  • AUDUSD
  • NZDUSD
  • USDJPY
  • EURGBP
  • USDCHF
  • EURAUD
  • EURJPY
  • CADCHF
  • CADJPY
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  • AUDNZD
  • AUDCAD
  • AUDCHF
  • AUDJPY
  • EURNZD
  • EURCAD
  • EURCHF
  • NZDJPY
  • GBPAUD
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  • GBPNZD
  • NZDCAD
  • NZDCHF
  • CHFJPY
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There are no Live patterns right now

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There are no Live patterns right now

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There are no Live patterns right now

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AUDCAD
AUDCAD May rise 3 - 5 pips
Bullish Closed

2024-03-01 00:10:00

A Price Action Ascending Triangle pattern formation on the 5 Min time frame chart supports AUDCAD Bullish bias. A break of 0.88220 will support the rise towards the target of 0.88250 the break of 0.88250 would push the price to 0.88270.

SUPPORT AND RESISTANCE LEVELS
  • Pivot Point 0.88173
  • Support S1: 0.88156, S2: 0.88133 , S3: 0.88116
  • Resistance R1: 0.88196 , R2: 0.88213 , R3: 0.88236
  • Age 5 Bars
    Full view

Ascending Triangle

An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trend line to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.