Now you probably familiar with candlesticks and market a little more from time to beginning Forex learning. With stick the candlesticks chart you may be see that some structure are formed in the candlestick charting. And these structures you will find easily once you have known about clearly. So lets us journey to learn these types of chart formation. Are you ready?
*Double Top & Bottom: You may know the candlestick formation called double top & bottom. Now gather some candlestick you also see the double top and double bottom formation.
*Head & shoulders / Inverse Head & shoulders: Like to see about a human head and shoulder.
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*Rectangles: Like a box shape price consolidation into the box and rectangle line break.
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*Triangles: Just look systematic triangles, ascending or descending triangles.
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*Wedges: Wedges are consolidation price into support and resistance line and ending a parallax line. Then price break trade line and market moving bullish or bearish trade.
*Pennants: These formations during after a big up or down price movement. It is like almost the same as triangle formation but little difference you may be notified.
Bullish / Bearish Flag Pattern:Like a flag shape candlesticks gathering or consolidation or ranging and break upper / lower trade line.
How to trade chart patterns: You should always wait for the formation of chart and identify these and must trade some far from these line breakout levels because it may mislead you unless you do not do that. And a lot of practice you need to do that. These patterns are easy to see and most of the traders look these along with you. So make sure that you enter trades a secure distance.
*Double Top & Bottom: You may know the candlestick formation called double top & bottom. Now gather some candlestick you also see the double top and double bottom formation.
*Head & shoulders / Inverse Head & shoulders: Like to see about a human head and shoulder.
.gif)
*Rectangles: Like a box shape price consolidation into the box and rectangle line break.
.gif)
*Triangles: Just look systematic triangles, ascending or descending triangles.
.gif)
*Wedges: Wedges are consolidation price into support and resistance line and ending a parallax line. Then price break trade line and market moving bullish or bearish trade.
*Pennants: These formations during after a big up or down price movement. It is like almost the same as triangle formation but little difference you may be notified.
Bullish / Bearish Flag Pattern:Like a flag shape candlesticks gathering or consolidation or ranging and break upper / lower trade line.
How to trade chart patterns: You should always wait for the formation of chart and identify these and must trade some far from these line breakout levels because it may mislead you unless you do not do that. And a lot of practice you need to do that. These patterns are easy to see and most of the traders look these along with you. So make sure that you enter trades a secure distance.
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