AUDJPY- BULLISH REVERSAL.
One of the most traded pattern is the ascending triangle chart pattern. Trading with the horizontal levels has always been the best.
On the 3 hours time frame, the price chart of AUDJPY has been spotted forming a bullish reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN.
On part of this pattern which traders should keep an eye on is the HORIZONTAL LEVELS(RESISTANCE) which price always love to hug and lean on before breakout through it.
The ascending triangle chart pattern must have at least three different touches at the peak and at least 2 different bounces at the valley.
The pattern will be considered to be valid only when the body of the candlestick closes above the horizontal resistance level.
Breakout levels: 74.356
Resistance 1: 74.544
Resistance 2: 74.805
Resistance 3: 75.102
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
On the 3 hours time frame, the price chart of AUDJPY has been spotted forming a bullish reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN.
On part of this pattern which traders should keep an eye on is the HORIZONTAL LEVELS(RESISTANCE) which price always love to hug and lean on before breakout through it.
The ascending triangle chart pattern must have at least three different touches at the peak and at least 2 different bounces at the valley.
The pattern will be considered to be valid only when the body of the candlestick closes above the horizontal resistance level.
Breakout levels: 74.356
Resistance 1: 74.544
Resistance 2: 74.805
Resistance 3: 75.102
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
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