GBPEUR, Triangle Ascending (bullish) pattern
CURRENT CONFIDENCE = 52%
TARGET (EXIT) PRICE = 1.110593 EUR
BREAKOUT (ENTRY) PRICE = 1.107847 EUR
DISTANCE TO TARGET PRICE = 0.31% (34.1 pips)
Tickeron AI shows that the Ascending Triangle pattern forms when the price of a pair tests a resistance level and creates a horizontal top line (1, 3, 5), with an upward-sloping bottom line (2, 4) formed by a rising support level. The breakout can either be up or down, and it will determine whether the target price is higher or lower.
This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. When the price of a pair consolidates around a certain level, it may indicate growing investor confidence for a significant uptrend
TARGET (EXIT) PRICE = 1.110593 EUR
BREAKOUT (ENTRY) PRICE = 1.107847 EUR
DISTANCE TO TARGET PRICE = 0.31% (34.1 pips)
Tickeron AI shows that the Ascending Triangle pattern forms when the price of a pair tests a resistance level and creates a horizontal top line (1, 3, 5), with an upward-sloping bottom line (2, 4) formed by a rising support level. The breakout can either be up or down, and it will determine whether the target price is higher or lower.
This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. When the price of a pair consolidates around a certain level, it may indicate growing investor confidence for a significant uptrend
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.