Ascending Triangle in USDAUD pair
In this chart we can appreciate the forming of an ascending triangle.
In the point A we place a support line that will guide and start the pattern.
We can follow the trend and see the price almost touch our resistance line wich approves our triangle. Point B is where the maximum high take place. When the price goes down it touches the support line and theres where our point C takes place (we might see a slight change because point C is higher than the initial point wich is point A). The trend line still going up and follow the pattern we have thought.
Finally it touches the resistance line and proceed to break it wheres located point D. When it finally touches the resistance line we can place an order.
In the point A we place a support line that will guide and start the pattern.
We can follow the trend and see the price almost touch our resistance line wich approves our triangle. Point B is where the maximum high take place. When the price goes down it touches the support line and theres where our point C takes place (we might see a slight change because point C is higher than the initial point wich is point A). The trend line still going up and follow the pattern we have thought.
Finally it touches the resistance line and proceed to break it wheres located point D. When it finally touches the resistance line we can place an order.