Flat Top Breakout Pattern - How to Trade Forex Breakouts - How to Identify Forex Breakout Pattern

A range forex consolidation pattern is a trading range with narrow forex price action which forms a consolidation period in FX market. The forex trading range is defined by 2 parallel forex trend lines which are horizontal and these trend lines indicate the presence of support levels & resistance levels at this particular area. Range consolidation chart pattern is drawn on a forex chart using a range, therefore the name forex range chart pattern.

For this forex consolidation chart pattern, forex price forms a series of highs & lows that can be connected with horizontal forex trend lines that are parallel to each other. Range consolidation chart pattern forms over an extended period of time giving this forex chart pattern its range shape.

Flat Top Breakout Pattern - A forex breakout of forex price action from this range consolidation chart pattern occurs when either of the horizontal line is penetrated & the forex trading range of this range forex pattern is broken. An upside forex price break out is a buy signal. A downside forex price break-out is a sell signal.

Flat Top Break-out Pattern - How to Trade Forex Breakouts - How to Identify Forex Breakout Pattern

Forex Price Breaks Out of the range consolidation pattern after a period of time and price continues to move upward after an upward forex price breakout.

Flat Top Break-out Pattern - How to Trade Forex Breakouts - How to Identify Forex Breakout Pattern