Chart patterns are visual representations of price movements on a currency pair’s price chart that can be used to make predictions about future price movements. Some common chart patterns include head and shoulders, triangles, wedges, and flag and pennant patterns.
Forex indicators are mathematical calculations based on the price and/or volume of a currency pair. These calculations are used to generate signals that traders can use to inform their buy or sell decisions. Some of the most commonly used forex indicators include moving averages, Bollinger Bands, RSI, MACD, and stochastic oscillator.
