What are Patterns? Analyzing Patterns
Xauusd chart patterns is a formation of repeating price patterns used by traders to identify when to open a buy trade position or a sell trade depending on the trading analysis of the current chart pattern that has formed on the price chart.
There are three main types of chart patterns & these are continuation chart pattern, reversal chart patterns & consolidation setups.
The different patterns have different trading analysis techniques & each provided a different setup with different trading analysis. Traders can use the tutorial below to learn more about analyzing chart patterns expounded in this tutorial:
1. Reversal Setups
- Double Tops Patterns
- Double Bottom Patterns
- Head and Shoulders Patterns
- Reverse Head and Shoulders Patterns
Reversal Setup Setups confirm the reversal of the price trend once this reversal set-ups set-up is confirmed. These reversal setups are formed after extended market trend either upwards or down-ward and these setups signal that the market trend is about to turn & reverse.
Reversal Setups Lessons
Double Top Patterns & Double Bottom Patterns
Head & shoulders Patterns & Reverse/Inverse Head and shoulders Patterns
2. Continuation Patterns
- Rising Triangle Setups
- Falling Triangle Patterns
- Bull Flag/Pennant Patterns
- Bear Pennant/Flag Patterns
Continuation Setups are arrangements that setup the market for a market trend continuation movement in the direction of the prior trend. These continuation setups are formed when the market is taking a pause before continuing in the same market direction of the prior trend.
Continuation Patterns Lessons Tutorials
3. Bilateral Patterns
- Symmetric Triangle - Consolidation Setups
- Rectangle - Range Patterns
Consolidation Patterns form when the market is taking a pause/break before deciding the next trend direction to trade. When these consolidation patterns form, the market is trying to determine and decide which direction to take.
Consolidation Patterns Guides
What are Patterns? - Analyzing Patterns - Reversal Patterns, Consolidation Patterns and Continuation Patterns
More Topics & Tutorials:
- How Do I Open Live XAUUSD Account?
- How to Analyze/Interpret Fibonacci Pullback vs Fibo Extension
- Combination of Gator Oscillator Technical Indicator for Gold
- How to Practice XAU USD Using a Free Practice Demo Account
- How Can I Understand How to Trade in MT4 Platform Software?
- Learn MT4 XAU USD Platform/Software Tutorial Lesson
- XAUUSD Platform/Software MT5 Tool-bars
- How to Add Trailing Stop Loss in MT5 Software
- No Nonsense Learn XAU/USD Blog
- How Can I Register Demo Account in MT4 Trade Platform?
