Tag Archives: ascending triangle

Dow Jones – Pattern Setup

The Dow has been drifting sideways this month, unlike the Aussie 200 which is in full flight. I came across this US 30 CFD setup with the aid of the Pattern Recognition scanning tool in our Tracker platform. It looks like a … Continue reading

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Silver – Strategy Update

Back on 8th August, I posted details of a bullish triangle set up in silver. Traders who kept this setup on their watch list were rewarded last night when silver broke through resistance with a strong “wide range” candle.

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Silver – Buy Strategy

The silver chart looks placed for a rally if we see concerns over the European situation easing and a continuation of risk on buying in international markets.

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AUDJPY – Hourly Ascending Triangle forms in Daily Downtrend

The nature of triangle patterns is to illustrate congestion zones in broader price trends. This is why a triangle that occurs in a ranging market is not likely to be of huge value. The other thing that traders need to … Continue reading

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GBPUSD – Holding within Ascending Triangle

For several days now there has been an exodus of funds from almost all currencies toward the US dollar. Over the course of the Friday session there was some normalisation seen and the selling pressure was reduced seeing a reasonable … Continue reading

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Technical Analysis and today’s RBA decision – EURAUD set up

As traders are well aware, market reaction to news events like today’s RBA decision can be lightning fast. Technical analysis and stop entry orders can assist in these situations. Where traders can identify break out set ups in advance of … Continue reading

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Mitsubishi Electric (6503 Tokyo) Ascending Triangle Update

Hi everyone, earlier in the week I blogged about Mitsubishi Electric as an ascending triangle in the making. One of the things of note with this trade was the length of time that the S/R level had been running and … Continue reading

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Mitsubishi Electric (6503 Japan) Makes an Interesting Ascending Triangle

It’s been a big week for triangle setups in all the markets that I watch so I have been filtering this universe of stocks to find some of the ones that look particularly interesting. I have posted this one not … Continue reading

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AWE Triangle Setup – Key Resistance yet to be Tested

As the year draws to a close I am happy to be able to find some new setups for you to take a look at. This one here looks like it will have to wait until the new year to … Continue reading

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QLOGIC (QLGC US) Sets up for Ascending Triangle

Lately I figured that it may be all symmetrical triangles for me from here on in – but today happily I found this ascending triangle on QLGC. We have been through a lot of this type of setup previously on … Continue reading

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