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Pennant Pattern in Forex trading

How to Trade Pennant Pattern in Forex?

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Pennants are continuation patterns that show up in the currency market and that traders use to forecast future market movements. Although the Pennant pattern resembles the triangle pattern, there are some significant changes that traders need to be aware of. This article explains Pennant chart patterns, their significance, what causes them, and most importantly, how […]

Triangles Trading Pattern

How to Use Triangles Trading Pattern in Forex

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Triangles Trading Pattern Interpretation The easiest way to define triangles trading pattern is to think of them as horizontal trading patterns. The triangle trading pattern is at its widest point at the commencement of its development. The range of trading narrows as the market continues to trade sideways, and the point of the triangle is […]

Head and Shoulders forex Trading Pattern

How to Trade the Head and Shoulders Pattern

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Head and Shoulders Trading Pattern Interpretation Head and shoulders forex trading pattern is a chart formation with a baseline and three peaks. The outside two of which are comparable in height and the center peak being the highest. A head and shoulders pattern is a chart structure that suggests a bullish-to-bearish trend reversal in technical […]

engulfing pattern

How to Trade with Bullish and Bearish Engulfing Patterns

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Engulfing Pattern in Trading: A technical chart pattern called a bearish engulfing pattern alerts traders to impending price declines. Pattern consists of smaller up candle which is eclipsed or “engulfed” by a larger down candlestick (black or red). Line, OHLC, and area charts do not give as much information as candlestick charts. As a result, […]

Best Forex Broker

Top Forex Trading Brokers Every Trader Must Know

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Firstly, trading forex may be challenging at times, and picking forex trading brokers out of countless companies is harder. Also that cater to forex traders to choose from can make the job much tougher. We’ve compiled a list of some of the world’s most reputable brokers so you can streamline your strategy and accelerate your […]

exotic Currency Pairs

What are Exotic Currency Pairs? How to Trade It

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What is Exotic Currency pairs? Firstly, Exotic currencies not commonly utilized in worldwide financial transactions or widely traded in foreign exchange markets. A lightly traded currency referred to as an exotic currency in foreign exchange. Exotic currencies are illiquid, have little market depth, are very volatile, and trade in small amounts. Trading an exotic currency […]