How Many Forex Chart Patterns are There?
The 3 main types of forex chart patterns used by traders are
1. Reversal Trading Patterns
- Double Top Patterns
- Double Bottoms Patterns
- Head & Shoulders Patterns
- Reverse Head and Shoulders Patterns
Reversal Patterns confirm the reversal of the market trend once this reversal chart patterns setup is confirmed. These reversal chart patterns are formed after extended market trend either upwards or downwards & these patterns signal that the forex market trend is ready to reverse.
2. Continuation Chart Patterns
- Ascending Triangle Patterns
- Descending Triangle Chart Patterns
- Bull Flag/Pennant Patterns
- Bear Flag/Pennant Patterns
Continuation Patterns are formations that set up the market for a trend continuation move in direction of the prior Forex trend. These continuation patterns are formed when the market is taking a pause before continuing in same direction of the previous Forex trend.
3. Bilateral Forex Chart Patterns
- Symmetric Triangle - Consolidation Patterns
- Rectangle - Range Forex Chart Patterns
Consolidation Patterns form when the forex market is taking a break before deciding the next direction to take. When these consolidation chart patterns are formed the market is trying to decide which direction to trade.
Forex Chart Patterns Cheat Sheet Guide
This forex chart patterns cheat sheet guide explains the Three types of forex chart patterns used in day trading and scalping trading.
Traders can also find the forex chart patterns technical analysis on the forex tutorial below that explained examples of the various Forex patterns & also learn how to analyze and trade these forex trading pattern formations.
Reversal Chart Patterns Explained Guides
Double Tops Chart Patterns & Double Bottom Chart Patterns
Head & shoulders Forex Chart Patterns & Reverse Head & shoulders Chart Patterns
Continuation Patterns Described Guides
Consolidation Patterns Described Guides
Trading Forex Patterns - Forex Chart Patterns Cheat Sheet PDF Guide
