S&P 500 : Ascending Triangle waiting for Breakout !Note :
(i) Ideally, Ascending Triangle pattern should break upside
(ii) At raretimes, we can get downside breakout
So decide depending on breakout with proper stops !
Happy Trading !
Ascending-triangle
SGY- Long from 7.53 to 11.30 (Swing Trade)SGY- Long
Trade Logic: SGY- Long
Trade Logic: Ascending triangle formation, swing trading
Entry Price: 7.53
Target Price: Target 1-9.2, Target 2- 10.61 & 11.30
Stop-Loss: 6.57
You can check our detailed analysis on SGY in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link:
Time Span: 13:15”
Trade Open: Waiting for entry confirmation
GBPJPY: Heres to all the short term traders!Hey gang! Genesis here!
Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable!
What influenced my decision:
-Stochastics Divergence (oh, this is a strong one)
-Trendline support (Ascending triangle)
-Weakening price (look at it, price has been declining so fast and recently in about the last 6-7 bars, its been small tiny bars)
Exit at the major resistance at the top!
Good luck guys! May the pips be with you!
False Break-outAs it was the case for AUDUSD, this pair consolidated in an ascending triangle for quite some time.
However, anasty false breakouts of this triangle signal more weakness ahead.
XAU/USD Gold - Potential Long on breakoutOur thesis is in the following link provided on our site:
totalmarkettraders.wordpress.com
Long GBPAUDTrendline, fibonacci confluence, ascending triangle, structural support and pinbar,
I got in at a little better price as indicated on the chart.
Good luck!
NFLX Cup and Handle / Double Bottom / Ascending TriangleNetflix has made an easily recognizable double bottom shape, in this case since the trend is not reversing but instead continuing it goes by another name, the Cup and Handle. Others might see it as an ascending triangle.
AUDJPY: Ascending Triangle on 1 hour Looks like we got an ascending triangle formed on 1 hour chart. In this trade setup, the price can break EITHER to the upside OR to the downside. Therefore, we look for a breakout to either side. If breakout to the upside, entry should be above the horizontal resistance line. If breakout to the downside, entry should be below the slope of the lower highs. See the chart for potential target levels for both buy and sell entry.
FB forming ascending triangle and it's all most readyDaily chart forming ascending triangle (BULLISH triangle) and it's all most ready for big movement. Need few more days for confirmation. 31 MA is the main support. Most indicators are bullish.
