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Technical Analysis
Ascending Broadening Wedge Patterns
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”
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.
How to Predict Price Channel Breakouts in Forex
Not all channels are easy to trade. In practice most aren’t. So an essential part of a price channel trading system is deciding which to trade and which to ignore.
Interpreting Price Channels and Rectangles
Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.
Is the Bullish Engulfing Candlestick a Reliable Pattern?
A bullish engulfing candlestick can be a useful buy signal. But in order to trade them we have to be able to recognize reliable patterns from the false ones.
Bearish Engulfing Candlestick: When is it a Strong Reversal Pattern?
If you’d blindly traded the bearish engulfing candle over the past decade, you’d probably have done slightly worse than if you’d traded on a coin flip.
Are Confluence Zones Useful in Forex?
Crossing support and resistance lines meet at so called convergences or confluent areas. Is there anything significant about these areas?
Using Support/Resistance Lines in Trend Trading
The first step in trend trading is spotting key support and resistances. This post looks at trend trading with support, resistance and confluence lines.
Trend Reversals using Double Top/Bottom Chart Patterns
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
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.
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