Stop Making 4 Common Mistakes with Forex Charts!
Most beginners tend to solely rely on forex charts as the ultimate market resource. Unfortunately, no matter how advanced, without proper knowledge of fundamental analysis, forex charts can become an overwhelming information machine, which creates false alerts for those who do not understand the charts properly.
Forex Charts - Head and Shoulders Pattern
Head and Shoulders Pattern
The Head and Shoulders pattern is one of the most popular reversal patterns. In forex trading head and shoulders formation allows you to clearly identify the signal and entry point.
Forex Chart Pattern - Double Top & Bottom
In today’s tutorial we will look at a common chart formation in forex trading that helps to predict the price movement – double top and double bottom patterns.
Chart Pattern Symmetrical Triangles
One of the pattern formations in forex trading is called Symmetrical Triangle. This pattern is formed when a sequence of higher price values creates a line and a sequence of the lower price values creates a line and together they form a triangle.
Forex Chart Types
The beauty of technical analysis lays in the ability to predict future by looking at the past. That's where forex charts come handy. Don't worry, it has nothing to do with geometry. Charts are a graphical description of forex price activity over a specific period of time.