Forex-Chart-Patterns

Chart Patterns to improve Forex Trading

Learn about popular chart patterns to improve trading accuracy when making forex trading such as Double Top, Double Bottom, Head and Shoulders, Symmetric Triangles, Ascending Triangles, Descending Triangles, Rising Wedge, Rising Wedge, Falling Wedge, Falling Wedge !

What are chart patterns in Forex trading ?

Based on historical values, support and resistance levels as well as turning points certain shapes have formed in charts which tends to repeat time to time. So these patterns can be used to improve our forex trading.

How accurate is chart patterns in forex trading ?

Well it is generally accurate but in trading nothing is 100% perfect ( Just like candlestick patterns ! ). Higher the time framework higher the accuracy. So chart pattern success rate can be around 60% - 90% depending on the type of currency, time, time framework,  economic related news etc.  So use chart pattern as one of the instruments to improve accuracy of your analysis when entering a trade.

What are the popular Forex chart patterns  ?

Double Top, Double Bottom, Head and Shoulders, Symmetric Triangles, Ascending Triangles, Descending Triangles, Rising Wedge, Rising Wedge, Falling Wedge, Falling Wedge are some popular chart patterns. 

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