Here’s a little cheat sheet to help you remember all those Forex chart patterns and what they are signaling.
You can see listed the basic Forex chart patterns, when they are formed, what type of signal they give, and what the next likely price move may be. Check it out!
You never know when you’re gonna need to cheat!
The triangle formations (symmetrical, ascending, and descending) are not included in this cheat sheet. That’s because these chart patterns can form either in an uptrend or downtrend, and can signal either a continuation or reversal. Confusing, but that’s where practice and experience comes in!
As we all know, it’s tough to tell where the Forex market will breakout or reverse.
So what’s important is that you prepare well and have your entry/exit orders ready so that you can be part of the action either way!
Happy Trading!
Source: BabyPips
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Forex Forever 
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