ascending triangle pattern on a 30-minute chart. Since bias upon the conclusion of the pattern pointed higher, we look for an opportunity to buy the pair. Descending triangles are considered continuation patterns. Finally, EUR/USD breached resistance at E, signaling a potential bullish breakout. These documents can be found here. Oanda Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the.
NZD/USD tumbles in our desired direction. The ascending triangle pattern formed once a horizontal resistance and ascending support lines acted as buffers for the price action.