Q1. How many types of Head and Shoulders chart Patterns are there in the Forex Market? A. 2 B. 3 C. 4 D. 5 Q2. Which chart pattern is also called M/W chart pattern? A. Head and Shoulders Chart Pattern B. Double Tops and Double Bottom Chart Pattern C. Triple Tops and Triple Bottom Read more about Quiz 7[…]
Forex Trading is all about buying at low price and selling at high price. To accomplish this task properly, price movement and the trend reversals should be predicted correctly with high accuracy. For the prediction of price movement and the trend reversals, some classic patterns should be studied. Some of the classic patterns with short Read more about Review of Step Seven Forex Lesson[…]
Descending Triangles Forex Patterns is good for expert money managers and FX traders, The Descending Triangle is the chart pattern that is formed as the continuation pattern during a downtrend. This chart pattern gives bearish signals to the traders and investors. Sometimes the Descending Triangle may also be formed as the reversal pattern at the Read more about Descending Triangles Forex Patterns[…]
Ascending Triangles Forex Pattern is an strategy to analysis market, The Ascending Triangle is the chart pattern that is formed as the continuation pattern during an uptrend. This chart pattern gives bullish signals to the traders and investors. Sometimes the Ascending Triangle may also be formed as the reversal pattern at the point where a Read more about Ascending Triangles Forex Pattern[…]
Symmetric Expanding Forex Pattern is an strategy use by master Forex Traders, The Symmetric Triangle is also formed as the continuation pattern during a trend. This chart pattern consists of at least two higher lows and two lower highs. Symmetrical Triangle in this chart pattern is formed when all the four points are connected and Read more about Symmetric Expanding Forex Pattern[…]
Triple Tops and Bottoms Forex patterns strategy use by pro currency traders, A Triple Top pattern is similar to the Head and Shoulders pattern with only one difference that is the top position of the Triple top is at same or nearly same level but the three peaks are not at same level in the Read more about Triple Tops and Bottoms Forex Patterns[…]
Double Tops and Bottoms chart pattern is the common Forex trading chart pattern used to predict the direction of price movement. This pattern is also called the M/W chart pattern. It is called M/W chart pattern because M appears to be formed in the case of Double Top pattern while W appears to be formed Read more about Double Tops and Bottoms Chart Pattern[…]
What is Head and Shoulders Forex Pattern Do not confuse with the term head and should with your head and shoulder. It is a technical term used in Forex Trading. This term represents a chart pattern that is used to predict the trend continuations or the trend reversals. This chart pattern is named head and Read more about Head and Shoulders Forex Pattern[…]
Forex Patterns use by most of currency traders, Classical figures can be both of the trend Reversal and Continuation. Classic Patterns of Reversal and Continuation of the trend always had great importance to the Forex traders and investors. A signal of the currency reaching its peak is given by the Trend Reversal figure and after Read more about Forex Patterns Introduction In FX Trading[…]