Many traders use technical analysis. They use price charts to predict where the market is going to go next. And this can give these traders great profit making opportunities.
By studying price charts, you can look for clues on how to plan, enter and exit trades. Spotting chart patterns is one way to do this.
Let's take a closer look at one chart pattern that can lead to profitable trading…... ››› more
Using technical analysis as your trading strategy can be extremely useful. By identifying patterns forming on charts, you can get an indication of what lies ahead for the price of an asset.
One very useful pattern is a cup and handle. If you spot one of these forming on a share, there's a good chance the price of an asset is going to soar.
So what are the identifying features of a cup and ha... ››› more
Charting can be a great way of spotting potential trades and ways to profit from movements in the financial markets.
There are a number of different chart patterns to use to your benefit. Continuation patterns give you the chance to get into a trade while the price takes a breather before resuming its trend.
One great continuation pattern to use are pennant patterns.
Read on to find out h... ››› more
Whether you're trading the commodities market, the forex market or the stock market, there are buyers and sellers.
The activity of buyers and sellers affects the prices of different assets over time. And this is why technical analysis can be so useful. You can use past performance to indicate where the price could be going.
By learning to spot certain patterns that form on charts, you can fi... ››› more
Technical analysis involves using price charts to predict where the price of an asset will go. This type of analysis works well for a number of different assets, including shares, commodities and indices.
Studying charts can give you a good indication of what lies ahead. And certain patterns have a tendency to play out the way they have in the past.
If you want to check if a trend is going t... ››› more
Many technical analysis indicators work well with forex trading thanks to the forex market being so liquid and heavily traded.
After a powerful uptrend, a currency pair may trade sideways before resuming its upward trend. So how can you spot this type of pattern?
Read on to find out…
Using triangle patterns as part of your forex strategy
Triangles are useful continuation patterns ... ››› more
Triangle formations are very similar to another trend continuation pattern, the pennant. The main difference is there is no pole.
There are four types of triangle formations. These are symmetrical, ascending, descending and expanding.
Let's take a closer look at the symmetrical triangle formation and how you can use it as part of your forex trading strategy…
What is a symmetrical tri... ››› more
Trend continuation patterns are very useful tools to have in your forex strategy toolbox. If you spot one of these patterns emerging, there's a good chance the currency will resume its trend.
One of these trend continuation patterns is the pennant formation.
So what exactly is a pennant formation? And how can you use it to your forex trading advantage?
Let's take a closer look…
Wh... ››› more
Technical analysts watch for a bullish technical indicator, waiting to pounce. These patterns can highlight perfect buying opportunities. And one such pattern is the cup and handle continuation pattern. The cup and handle can show that a trend is set to continue. Read on to find out more about the wonders of the cup and handle continuation pattern…
The cup and handle continuation pattern, whic... ››› more
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