Forex Patterns

There are many different models that can be found in the Forex market. These models can be used to predict future market movements and make trading decisions. Some of the most popular patterns include triangles, head and shoulders and flags. Triangles are formed when the price of a currency pair moves sideways and creates lower highs and higher lows. This pattern usually forms during a consolidation period and can be used to predict an up or down breakout.A head and shoulders pattern forms when price makes a higher high followed by a lower high and then another lower high. This pattern is considered to be bearish because it indicates that the uptrend is coming to an end.Flags are formed when the price of a currency pair moves sideways within parallel lines. This pattern is usually considered a continuation pattern because it indicates that the previous trend is likely to continue. Explore and choose the right one for you !
Top