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.

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 ...

In this webinar recording, we assessed a popular corrective pattern in Elliott Wave Theory called the triangle. We looked at idealized shapes of the patterns, rules and guidelines in how the patterns ...