Ascending Triangle on EUR/USD

٦ أبريل ٢٠١٥

The Ascending Triangle chart pattern is spotted on EUR/USD daily chart. The Ascending Triangle is a bullish reversal pattern in a downtrend, which means the direction of the breakout is upward. Also, 70% of the time, the breakout of this pattern is upward. So, in this case, I would go for a long setup.