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Monday, 26 July 2010

Forex education : Important Chart Patterns

Other than technical indicator, we shall be able to recognize some important chart patterns to take profitcs.

Below are few of the important chart patterns. Mostly take advantage on the price breakout

•Symmetrical Triangles
(put pending order above and below, once price breakput, cancel the other one)




•Ascending Triangles



•Descending Triangles

•Double Top


•Double Bottom



•Head and Shoulders


•Reverse Head and Shoulders



Source : http://www.babypips.com/school/pattern_schmatterns.html







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