Forex Fakey Pattern Trading Strategy Forex Fakey Pattern Trading Strategy; Fakey Pattern Trading System is based on fakey formation. What is Fakey pattern? Inside Bar + false breakout = Fakey pattern. There is also Pin Bar + false breakout = Fakey pattern, but in this case we have a fakey pattern formed by Inside bar + false breakout. The Fakey pattern start when we … [Read more...]
Chart Patterns Forex Strategies
Forex chart patterns are on-chart price action patterns that have a higher than average probability of follow-through in a particular direction. These trading patterns offer significant clues to price action traders that use technical chart analysis in their Forex trading decision process. Each chart pattern has the potential to push the price toward a new move. Thus, Forex traders tend to identify chart patterns in order to take advantage of upcoming price swings
Type of Chart Patterns
Forex trading patterns are divided in groups based on the potential price direction of the pattern. There are three main types of chart patterns classified in Forex technical charting.
Continuation Chart Patterns
The trend continuation chart pattern appears when the price is trending. If you spot a continuation chart pattern during a trend, this means the price is correcting. In this manner, continuation patterns indicate that a new move in the same direction is likely to occur. Some of the most popular continuation chart formations are: pennants, rectangles and corrective wedges.
Reversal Chart Patterns
The trend reversal chart patterns appear at the end of a trend. If you see a reversal chart formation when the price is trending, in most of the cases the price move will reverse with the confirmation of the formation. In other words, reversal chart patterns indicate that the current trend is about to end and a new contrary move is on its way! The most popular reversal chart patterns are: double (or triple) top/bottom, head and shoulders, reversal wedges, ascending/ descending triangle.
Neutral Chart Patterns
These are the chart formations which are likely to push the price toward a new move, but the direction is unknown. Neutral chart patterns may appear during trends or non-trending periods. You may wonder what value there may be in neutral chart formations, since we are unable to know the likely direction. But actually, spotting a neutral chart pattern is still quite valuable as you can still trade an upcoming move. When the price confirms a neutral chart pattern, you can open a position in the direction of the breakout!
Forex Pin Bar Two MACD Pattern Trading Strategy Forex Pin Bar Two MACD Pattern Trading Strategy: Pin Bar with Two MACD Trading System is based on the particular template MT4. Time Frame 1 min or higher. Currency pairs: any. Trading Session:any. Pin Bar with Two MACD Trading System is suitable for trading with Binary Options High/Low expiry time two - three … [Read more...]
Forex Gartley Pattern Trading Strategy Forex Gartley Pattern Trading Strategy: The Gartley pattern is an famous pattern for trading. The author H. M. Gartley first described it on his 1935 book Profits In The Stock Markets. The Gartley pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses direction before continuing on its … [Read more...]
Forex Engulfing MACD Pattern Trading Strategy Forex Engulfing MACD Pattern Trading Strategy: The Engulfing pattern is reversal pattern. It is made up of two candles that are 2 different colors; red being a downtrend candle, and green being an uptrend candle. This particular pattern is formed after a clear downtrend in the market. This candle ideally opens lower that … [Read more...]
Forex Pin Bar PA Pattern Trading Strategy Forex Pin Bar PA Pattern Trading Strategy: Pin Bar trading price action is an example how to trade with Pin bar in this case filtered by Value chart indicator. The pin bar trading is one the best method of price action. This system is based on overbought and oversold. Time frame 5 min or higher. Financial Markets: any. For … [Read more...]