“Unlock the Secrets: Mastering Forex Chart Patterns Could Transform Your Trading Game!”
Continuation patterns, on the other hand, are used to indicate that a current trend will continue. These patterns include flags, pennants, and triangles. For example, the flag pattern is formed when a currency’s price rises or falls rapidly and then enters a period of consolidation, creating a pattern that resembles a flag. This pattern is often seen as a sign that the currency’s price will continue to rise or fall in the future.
Lastly, rectangle patterns are used to indicate that a currency’s price is likely to move in a range-bound or horizontal direction. These patterns are formed when the price of a currency moves within a defined range, creating a pattern that resembles a rectangle. This pattern is often seen as a sign that the currency’s price will remain within a certain range for a period of time.
