What's Forex Chart Patterns? - Three Common Forex Chart Patterns

Forex chart patterns is the study of repeating chart patterns that are commonly used to trade the FX market. This forex chart patterns Tutorial helps forex traders learn how to read these patterns & how to interpret the trading signals given by these chart patterns.

Three Common Forex Patterns - Learn Chart Pattern PDF

The Three common forex chart patterns are:

1. Reversal Trading Patterns

• Double Top Patterns

• Double Bottoms Chart Patterns

• Head and Shoulders Patterns

• Reverse Head and Shoulders Patterns

Reversal Chart Patterns Explained Guides

Double Top Chart Patterns & Double Bottom Chart Patterns

Head & shoulders Forex Chart Patterns and Reverse Head & shoulders Chart Patterns

Reversal Trading Patterns confirm the reversal of the market trend once this reversal patterns setup is confirmed. These reversal patterns are formed after extended market trend either upwards or downwards and these patterns trading signal that the forex market trend is ready to reverse.

2. Continuation Trading Patterns

• Ascending Triangle Patterns

• Descending Triangle Chart Patterns

• Bull Flag/Pennant Chart Patterns

• Bear Flag/Pennant Patterns

Continuation Patterns Described Tutorials

Continuation Trading Patterns

Continuation Patterns are arrangements which 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 break before continuing in same direction of the previous Forex trend.

3. Bilateral Forex Trading Patterns

• Symmetric Triangle - Consolidation Patterns

• Rectangle - Range Forex Chart Patterns

Consolidation Patterns Described Tutorials

Consolidation Chart Patterns

Consolidation Patterns form when the forex market is taking a pause before deciding the next direction to take. When these consolidation chart patterns are formed the market is trying to decide which direction to trade.

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