For part four of our chart pattern series we’re going to be going into one of the most popular Forex trading patterns, the triangle. Triangles come in a variety of different categories and while they can be both continuation and …
Today we’re going to chat about the popular Forex market reversal patterns, double tops and double bottoms. In its simplest terms these patterns are significant because they indicate price has stopped rallying in a particular direction. Double Tops Double tops …
Following on from our recent Head and Shoulders article, we’re now going to go over one of my personal favourite patterns, the Cup and Handle pattern. Acting as both a continuation and reversal pattern, it can mark the end of …
As technical forex traders, we use the price history of a given instrument, and the particular shapes and patterns that occur as our basis for not only taking a trade, but determining our risk and profit areas too. While the …
Happy Monday, traders. Today were going to have a look at the NZDUSD weekly chart. We can see that for close to 2 years price has been ranging in between our areas of support and resistance, or you could say …
Good afternoon, Traders. A quick post to bring to attention what’s happening in the US indexes, specifically the NASDAQ. At a glance the chart looks to be tightening up and could be getting set for a move. Looking at the …
Happy Monday, Traders! One of the first things i stumbled into this morning was a potential setup on the USDSGD pair. After a lengthy downtrend we’ve seeing price stall/consolidate for a couple of months now. Consider the daily chart below. …
Happy Friday, traders. A quick note today to bring a potential short-term setup in the USDCAD hourly chart. You can see in the chart below that price has been rebounding in a horizontal range for several days now, with both …
Morning traders, Sometime back we posted about Gold setting up for a potential bullish breakout which you can catch up on here . Since then, price has been playing out brilliantly and gold continues to tighten up as shown on the …
Hi there Traders, Today we’ve got a potential setup forming on the AUDNZD weekly chart. What we’re seeing here is the testing of a multi-year rising trendline. With price currently at this area of support we can assume one of …
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