Forex Trading Trend Patterns - The Ascending and Descending Triangle
These Forex trading trend patterns are similar to the symmetrical triangle figure, as they also occur after a certain Forex trading trend is followed. With these Forex trading pattern rapid rises and drops in currency price also occurs. The difference is that either the tops or the bottoms of the trend patterns stay the same.
- With Ascending triangles - the tops remain the same.
- With Descending triangles - the bottoms remain the same.
Both ascending and descending triangles are right-angled triangles, and when the tip of the triangle is formed, the currency trend continues as before the trend pattern occurred.
Try and use these and other types of triangle patterns in your Forex trading systems, and your profits are bound to increase very rapidly.
Paul Gatton, Technical Writer