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Category Archives for "Forex Chart Patterns"

Learn how to identify and trade reversal and continuation chart patterns. Chart pattern analysis can be used on all time frames and currency pairs.

Bear Flag Forex Chart Pattern

Bear flags are continuation chart patterns found within a downtrend. They are formed after a steep price decline by two tight parallel upward sloping trend lines in a near 35-45 degree angle. The pattern is confirmed on a downward breakout of the bear flag. The approach is very similar to trading Bull Flags. Definition of Bear […]

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Bull Flag Forex Chart Pattern

Bull flags are continuation chart patterns found within an up trending market. They are formed after a steep price advance by two tight parallel down sloping trend lines in a near 35-45 degree angle. The pattern is confirmed on a upward breakout of the bull flag. Definition of Bull Flagpole: The price swing A-B leading […]

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Elliott Wave Forex Chart Pattern

The Elliott Wave up trend in forex trading consists of five waves or swings. Waves 1, 3 and 5 are considered impulse (trend) and waves 2 and 4 are corrective(counter trend) waves.  Wave 1 peaks, with resistance at the top of wave 1, and wave 2 corrects wave 1. Wave 2 can be expected to […]

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Forex Triple Bottom Chart Pattern

The triple bottom is the opposite of the triple top and is a rare top reversal pattern, which is usually found in down trends.  The trading pattern is characterized by three bottom that are almost equal in height and a trendline (resistance) connecting the highs in the triple bottom. The pattern is confirmed on a […]

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Forex Triple Top Chart Pattern

The triple top is a rare top reversal pattern and is usually found in up trends. The trading pattern is characterized by three tops that are almost equal in height and a trendline (support) connecting the lows in the triple top. The pattern is confirmed on a sustained break of support. Stops are usually placed […]

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Forex Inverse Head and Shoulders Chart Pattern

The Inverse Head and Shoulders pattern is the opposite of the Head and Shoulders pattern and is considered to be a major reversal chart pattern in a strong down trending market. The trading pattern is formed by three bottoms (left shoulder, head and right shoulder) and a neckline connecting the temporary highs. The pattern is confirmed […]

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Forex Head and Shoulders Chart Pattern

A Head and Shoulders pattern is considered to be a major reversal chart pattern in a strong up trending currency market. The trading pattern is formed by three tops (left shoulder, head and right shoulder) and a neckline connecting the temporary lows. The pattern is confirmed on a sustained break of the neckline after the […]

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Forex Double Bottom Chart Pattern

The double bottom is the opposite of the double top and is considered to be a major reversal chart pattern after a strong down trending market. The trading pattern is formed by two bottoms that are almost similar in height with a neckline (temporary high) in between. The pattern is confirmed on a sustained break of […]

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Forex Double Top Chart Pattern

The double top is considered to be a major reversal chart pattern after a strong up trending market. The trading pattern is formed by two tops that are almost similar in height with a neckline (temporary low) in between. The pattern is confirmed on a sustained break of the neckline. Forex Double Top Chart Pattern Example […]

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Forex Falling Wedge Chart Pattern

The falling wedge is similar to the rising wedge and is considered to be a bullish continuation chart pattern in a up trending market or a reversal pattern in down trending market. The trading pattern is formed by two trend lines that slope down. In order to qualify as a falling wedge pattern, there must be […]

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