posted by
fx360
1455 days ago
in JPY, CAD, Technical
An ascending triangle has formed on the 30min CAD/JPY hinting towards a bullish break-out on a move above 83.60. The ascending triangle is considered to be a bullish price consolidation pattern oftentimes resulting in a relatively aggressive break-out to the upside once prices cross the top of the triangle. The pattern forms by two converging