EURCAD- Yet another resistance test.

When there is a formed Horizontal test of price and an up-sloping test of the price, this calls for a chart pattern called THE ASCENDING TRIANGLE CHART PATTERN.
The ascending chart pattern is pattern that is spotted when there is a horizontal resistance and an up-sloping support. Validity of the pattern only comes to play when price continues to test the resistance several times and price continues to hug the resistance for too long. Spotting a pattern is very important and also waiting for the pattern to be valid which come to play when the body of the candlestick closes above the horizontal resistance. Traders should keep an eye on retest of the horizontal resistance.
Near breakout move:1.46391
Resistance 1: 1.46767
Resistance 2:1.47126
Major breakout levels: 1.47521
Resistance 1: 1.48564
Resistance 2: 1.49963
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Ideas published should not be referred to as an investment advice and happy new months guy.