The ascending triangle, also known as the bullish triangle, is a bullish continuation pattern that appears during an uptrend and indicates that the trend is likely to continue. It is one of the most commonly used charting patterns and frequently occurs on price charts.
Being the opposite version of the descending triangle, the ascending pattern is characterized by a flat upper trendline that is used as a resistance level and rising lows trendline.
This video will teach you how to use the ascending triangle pattern. Here’s a quick overview of what you’ll learn:

First, we’ll take a closer look at the ascending triangle pattern’s characteristics and what it indicates when it appears on a price chart. In this section, we’ll also show you how to identify the pattern during an upward trend using two trend lines, one horizontal line and the other an ascending trend line.

Next, our trading analysts show you a live market example of the ascending triangle pattern. In this section, you’ll learn how to use one of the most popular trading strategies - the breakout strategy - when identifying the ascending triangle pattern. We’ll also show you where to enter a trade, set a stop loss, and a take profit target.

At last, we list the pros and cons of the ascending triangle pattern and mention the key points to remember to identify and trade the pattern successfully.

Let’s get started!

Chapters:

0:00 - Intro
0:57 - How to Identify the Ascending Triangle Pattern
2:17 - How to Trade the Ascending Triangle Pattern
3:47 - Pros and Cons
4:37 - Key Takeaways

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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.

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