Posts tagged with "Chart Patterns"
“Cheat Sheet” of Common Charting Patterns
Feb 22, 2017
The following cheat sheet will help you to identify the most common technical patterns that appear in forex charts. Click each heading for more information.
The Descending Broadening Wedge
Feb 21, 2017
The descending broadening wedge is easily spotted on a chart. It looks like a megaphone with a downwards tilt. It’s equally likely to appear in downtrends as well as uptrends.
Ascending Broadening Wedge Patterns
Feb 10, 2017
The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.
Broadening Wedge Patterns – “Megaphones”
Feb 7, 2017
A broadening wedge is a range where the price is holding between two trend lines that are moving apart. The pattern is also named a "megaphone" because of its shape.
Interpreting Price Channels and Rectangles
Feb 1, 2017
Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.
Are Confluence Zones Useful in Forex?
Jan 20, 2017
Crossing support and resistance lines meet at so called convergences or confluent areas. Is there anything significant about these areas?
Trend Reversals using Double Top/Bottom Chart Patterns
Jan 13, 2017
Trend reversals are often led by double top or double bottom chart patterns. If the reversal fails it can lead to a double top/bottom breakout.
Trading Strategy for the Falling Wedge Pattern
Jan 10, 2017
When a falling wedge pattern appears in a forex chart it hints at bullish sentiment. Like the rising wedge, this pattern is quite common at all time scales.
Techniques for Trading Symmetrical Triangle Breakouts
Jan 2, 2017
Of the triangular patterns found in forex charts, the symmetrical triangle is possibly the most confusing and also the most difficult to trade. But how useful is this chart pattern in practice?
Trade Setups for Rising Wedge Chart Patterns
Dec 22, 2016
Rising wedge patterns are extremely common in forex charts and they can be useful at any timeframe. This post explains trade setups for bearish breakouts.
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