Chart Patterns

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.

A descending triangle happens when a currency pair in a downtrend attempts to reverse and makes successively lower highs.

The flag pattern is closely related to the pennant. It’s a continuation pattern that tends to indicate that a trend is pausing rather than reversing.

Pennants are usually a reliable indication that a trend is set for a new leg. In other words they serve as good continuation signals.

Ascending triangle patterns are useful for trading bullish trends, on the long side. These are good for short to medium time frames.

Triangles mark price consolidation. In this article I'll show simple methods to trade them by predicting whether a trend will continue or reverse.