What is Forex Chart Patterns in Trading Forex? - Three Common Forex Chart Patterns
Forex chart patterns is the study of repeating chart patterns that are commonly used to trade the FX market. This forex chart patterns Tutorial helps forex traders learn how to read these patterns & how to interpret the trading signals given by these chart patterns.
Three Common Forex Patterns - Learn Chart Pattern PDF
The Three common forex trading chart patterns are:
1. Reversal Trading Patterns
- Double Top Patterns
- Double Bottoms Patterns
- Head & Shoulders Patterns
- Reverse Head and Shoulders Patterns
Reversal Patterns Explained Guides
Double Tops Chart Patterns & Double Bottom Chart Patterns
Head & shoulders Forex Chart Patterns & Reverse Head & shoulders Forex Chart Patterns
Reversal 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 upward or downward & these patterns signal that the forex market trend is ready to reverse.
2. Continuation Chart Patterns
- Ascending Triangle Patterns
- Descending Triangle Chart Patterns
- Bull Flag/Pennant Patterns
- Bear Flag/Pennant Patterns
Continuation Chart Patterns Explained Tutorials
Continuation Chart Patterns are formations that set up the market for a trend continuation move in the direction of the prior Forex trend. These continuation patterns are formed when the market is taking a pause 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 Chart Patterns Explained Tutorials
Consolidation Patterns form when the forex market is taking a pause before deciding the next direction to take. When these consolidation chart patterns are formed the market is trying to decide which direction to trade.
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