Enter pattern in ASC smoothly

Aug 6th, 2022
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How to Enter pattern in ASC

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last week here on this New Zealand dollar pair we ended up capturing not only one not only two but three bearish price action days and we did this by utilizing one very simple yet effective consolidation breakout pattern which banked us in so far over 100 pips on this trade I know that in my own personal trading when I came to understand and accurately use these consolidation breakout patterns it really helped to improve my trade so in todays video Id like to share that knowledge with you to hopefully help improve your trading as well so if youre new here to the trading channel Id like to say welcome Im Stephen youre honest trading coach and if you enjoy free educational content about forex trading that I need you to do two different things one go ahead and click that subscribe button down to the right-hand side below this video click the notification bell to make sure youre alerted when we come out with more free educational content like this also click that like button for me

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A regular descending triangle pattern is commonly considered a bearish chart pattern or a continuation pattern with an established downtrend. However, a descending triangle pattern can also be bullish, with a breakout in the opposite direction, and is known as a reversal pattern.
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is docHub if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
An ascending triangle pattern will take about four weeks or so to form and will not likely last more than 90 days.
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is docHub if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Trading an ascending triangle: method one Entry as the price breaks out of the triangle to the upside. Stop loss goes just below the slope of the triangle. Profit target goes the same distance away as the back of the triangle.
Ascending triangle patterns are bullish, meaning that they indicate that a securitys price is likely to climb higher as the pattern completes itself.
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.
Ascending Triangle Pattern (72.77%) The formation of this pattern requires two trendlines to be drawn. After the price successfully breaks above the first trendline, this indicates the restart or commencement of an uptrend, depending on which scenario you like.

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