Wedge chart pattern in forex refers to a reversal chart pattern that consists of two trend lines and indicates a decrease in momentum of price trend with the time. Price structure resembles a rising or falling wedge pattern. Like first…
Category: Forex Chart Patterns
Marubozu candle – Indicates momentum in price
Marubozu candle refers to a single candlestick that has no wick or shadow in forex technical analysis. Marubozu candlestick does not have any high or low value but only open and close value. It is a single candlestick pattern, and…
Butterfly Pattern Forex
Butterfly pattern consists of 4 waves, and it is a reversal chart pattern in forex trading. To detect a butterfly pattern, specific Fibonacci retracement and extension levels are used This pattern is found in nature which is why it is…
Cup and Handle Pattern in Forex Trading
Cup and handle pattern in forex refers to a trend continuation chart pattern that resembles the shape of the cup and its handle. Chart patterns are natural patterns that repeat with time like everything in nature is also working in…
Pennant Pattern in Forex Trading
This article is about a simple forex Pennant pattern that is widely used in forex technical analysis. Chart patterns help us to predict the price movement. These are simple natural patterns, not mathematical indicators. I always encourage to use chart…
Three Drives Pattern
A reversal pattern which indicates three consecutive and symmetrical attempts by the price to achieve a target price and then reversal is called three drives pattern. In this article, I will explain about the three drives pattern, psychology behind this…
Cypher Pattern – A Geometric Pattern
Cypher pattern is a geometric chart pattern in forex trading technical analysis. Trading geometric chart patterns are far better than lagging indicators. Geometric patterns make some sense because of natural phenomena as everything in this universe has a specific pattern.…
Forex Reversal Patterns
The prediction of a reversal in price from an important level is a very difficult task in forex technical analysis. In this article, something new is that we will trade forex reversal patterns but only with trend. Not understood! Read…