Head and shoulders. The neckline does not have to be Horizontal. Take Care as the shoulders may be at differing levels making recognition of this important pattern more difficult. retracing to the neckline would offer a worthwhile short position.
Double Top. Prices rally to previous high. the tops need not be of exactly the same depth, a small difference is acceptable, but more difficult to spot. Prices will regularly trace back to the neck line, again offering good trading opportunities.
Double Bottom. Prices Rally to previous low, The second bottom may differ in height slightly either way.Prices regularly retrace back to the neckline, and in such instance will provide a good buying opportunity.
Triple Top. Type of head and shoulders with all three pinnacles about the same height. The neck line does not have to be horizontal. Prices regularly retrace to the vicinity of the neckline, invoking a potentially profitable long trade..
Triple Bottom. A type of head and shoulders with all three pinnacles at about the same level. Need not be horizontal, which tends to make recognition more difficult. Prices are inclined to retrace to the neck S&R line offering nice buys. This may also indicate the end of a down trend.
Rectangle. Constitutes by and large a continuation or reversal pattern. In up trends these are normally wider than in the down trends. The thought, the longer the rectangle the deeper the breakout is pretty accurate. Watch longer term charts for breakouts as they give direction. After such break out in many cases the price will return to touch the channel line before going on its directional path. When trading a breakout, and after it has been back to touch the channel line, put your stop a few pips inside the channel. By measuring the length of the channel the approximate depth or height of the breakout can be gauged.
Consolidation Line.It is a lengthy congested area with the market waiting for a signal to move However, it is diligent to take care here as it may well be a correction against the pairs primary trend. I have not tested this, but it is held that the height is normally 3% of the currency value
Flag. A flag slants up or down and the breakout can be expected to be against the flag direction.
Flag. Rising flag in an uptrend breaking out downwards
Ascending Triangle. If lower line is rising, in a down move, and upper line is about horizontal the breakout normally will be upwards in about the first 65% of the triangle. The price will retrace back to the horizontal and than be on its way. Nice buy opportunity.
Descending Triangle. In an up move and the lower line is about horizontal, the breakout may be expected downward, reversing the direction from whence it came. the same principles as for the Ascending triangle are valid here, but in the opposite direction.
Symmetrical Triangle. The up and down, or if you like the bulls and the bears are about of equal strength so one can expect the direction to continue on its path.
Divergence occurs when the oscillator or other indicator moves in a direction opposite to the price.
A potential trade became available when the FXPAPROv1 sounded the alert. The price touched down on the S&R line. The FXPAPROv1 audibly, and visibly shows alerts when the price is at our preset distance from the S&R horizontal line. The S&R was identified by your selected source. The FXPAPROv1 horizontal was added to the chart and a profit was made
The Perpetual Identifier of Profitable Forex Trading Signals across all pairs.
The FXPAPROv1 with BOAv3E will make Forex Trading a very lucrative profession. To strengthen your winning calls chart pattern recognition should surely be included in your armoury. These are decision making, trade entry strengthening tools in our Forex Trading Profession. Trade any of the pairs you have deployed on your desktop. The FXPAPROv1 will alert you when a profit signal has been identified. TheFXPAPROv1 will alert you at the right time.
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