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
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
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
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