How to Spot & Trade an Ascending Triangle Pattern #forex

An ascending triangle is a bullish continuation pattern that appears on a chart as a series of higher lows and a flat top. This pattern indicates that buyers are actively pushing the price up, but are encountering resistance at a certain level. When the price breaks above the resistance level, it is a strong sign that the trend will continue upwards. Traders can use this pattern to enter long positions or add to existing long positions. It is important to wait for a confirmed breakout before entering a trade, as a false breakout could lead to a reversal of the trend.
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