In GBPAUD We have Found Ascending triangle pattern in 1 Hrs Charts
Market has taken pull Back as well I have Put Stop loss on previous low because if I follow the ascending triangle pattern Stop loss Rule we have too much risk that's why I am taking a little bit risk maybe it will hit my stop loss but still I believe after break and pullback market will not come more down.
Use Only Small Lot 0.01
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
Market has taken pull Back as well I have Put Stop loss on previous low because if I follow the ascending triangle pattern Stop loss Rule we have too much risk that's why I am taking a little bit risk maybe it will hit my stop loss but still I believe after break and pullback market will not come more down.
Use Only Small Lot 0.01
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
