A bear flag pattern is a powerful technical setup used by traders to identify potential opportunities in a down-trending market. Recognizing and effectively trading this pattern can be instrumental in ...
Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...
EUR/USD continues to recover after 2 weeks of sharp declines. The market seems to have found some reprieve after pricing in default or large write-down of Greek bonds. The had found support just below ...
As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the ...
As we watch the EUR/USD on the daily chart, we see just some consolidation at our 50% Fib level. But looking at the hourly charts we see the flag pattern converging with a traditional support level ...
Imagine identifying a stock that has launched upward with incredible force, pausing only briefly before shooting even higher. These moments of mid trend acceleration are where some of the market’s ...
A common misconception about cryptocurrency is that it is a complex financial instrument exchanged in the black market. However, cryptocurrency is similar to forex in its most basic form. Although it ...
You can think of forex patterns, as dance patterns. You gotta find a pattern, memorize it, and use it as a signal for the next (dance) move. As naughty as the currency pairs may be, they often give us ...
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