How Many Forex Chart Patterns are There?
The 3 main types of forex chart patterns used by traders are
1. Reversal Trading Patterns
- Double Top Patterns
- Double Bottom Chart Patterns
- Head and Shoulders Patterns
- Reverse Head & Shoulders Patterns
Reversal Chart Patterns confirm the reversal of the market trend once this reversal chart patterns setup is confirmed. These reversal chart patterns are formed after extended market trend either upwards or downwards & these patterns trading signal that the forex market trend is ready to reverse.
2. Continuation Trading Patterns
- Ascending Triangle Patterns
- Descending Triangle Patterns
- Bull Flag/Pennant Chart Patterns
- Bear Flag/Pennant Patterns
Continuation Chart Patterns are formations which set up the market for a trend continuation move in direction of the prior Forex trend. These continuation patterns are formed when the market is taking a break before continuing in the same direction of the previous Forex trend.
3. Bilateral Forex Trading Patterns
- Symmetric Triangle - Consolidation Patterns
- Rectangle - Range Forex Chart Patterns
Consolidation Patterns form when the forex market is taking a pause before deciding the next direction to take. When these consolidation patterns are formed the market is trying to decide what direction to trade.
Forex Chart Patterns Cheat Sheet Tutorial
This forex chart patterns cheat sheet guide explains the Three types of forex patterns used in day trading and scalping trading.
Traders can also find the forex chart patterns technical analysis on the forex tutorial below that explained examples of the various Forex patterns & also learn how to analyze and trade these forex chart pattern formations.
Reversal Chart Patterns Explained Guides
Double Tops Patterns & Double Bottom Chart Patterns
Head & shoulders Forex Patterns and Reverse Head & shoulders Forex Chart Patterns
Continuation Chart Patterns Explained Lessons
Consolidation Chart Patterns Explained Lessons
Trading Forex Patterns - Forex Chart Patterns Cheat Sheet Guide
