The AUDUSD is generally known for its long trending moves. However, the pair has been quietly consolidating after its 3014 pip advance from the October 2008 low at .8065, to the July 2010 high at ...

Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...

Stop orders should be placed above the current resistance line in case price breaks up to higher highs against our entry. In the example below, our stop resides above the July 2012 high at 1.3075.

Have you ever felt like the market has no idea what it wants or where it wants to go? This is often seen on the chart as a trendless sideways move with a lot of overlap and no clear direction. However ...

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Quick ReadAli Martinez spots an XRP symmetrical triangle where an hourly close above $1.54 could trigger a 10% rally, but $1.70 resistance looms.The XRP Scarcity Index hit its lowest point since ...

Looking closer at the AUDUSD Weekly graph we can see the creation of a symmetrical triangle pattern. To identify this pricing pattern, we first need to identify the graphs current support and ...