“Unlock the Secrets: Mastering Forex Chart Patterns Could Transform Your Trading Game!”
The flag pattern appears after a prolonged uptrend or downtrend. This pattern is used to confirm that the current trend is likely to continue. This pattern is characterized by a short-term consolidation period during which time the prices fluctuate in a narrow range with a series of higher highs and higher lows.
The Pennant pattern, which resembles a little symmetrical triangle, is another continuation pattern that traders should be aware of. It develops when a currency’s price surges quickly in one direction and then enters a period of consolidation. This pattern is frequently seen as a signal that the price of the currency will keep moving in the same direction.
