Clean Ascending Triangle on Higher Time-frames
FOLLOW FOR DETAILED TRADE PLANS OF MAJOR FOREX PAIRS
Bias - Long
Type - Ascending Triangle Trendline Retest
Evidence -
1. Clear bullish flag/ascending triangle on higher time frames.
2. Approaching the breakout point as trend boundaries tighten.
Method -
Wait for the next support retest of the bullish trendline structure, as it develops a new higher low. With stop just under the trendline and higher low.
GBPCAD
Bias - Long
Type - Ascending Triangle Trendline Retest
Evidence -
1. Clear bullish flag/ascending triangle on higher time frames.
2. Approaching the breakout point as trend boundaries tighten.
Method -
Wait for the next support retest of the bullish trendline structure, as it develops a new higher low. With stop just under the trendline and higher low.
GBPCAD