Trade those patterns that are the most natural for you. Some people are very good detecting divergences, others are more focused on pullbacks, while others may use triangles as their favorite pattern. It takes a while to develop such a skill but it is something that happens naturally if you spend enough time looking at charts. A favorite pattern is something that you detect over and over again, and then you start to develop strategies to profit from that recurring event you’ve observed. Read More
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VIDEO: The Secret of Chart Patterns - Dean Malone
VIDEO: Conventional Chart Patterns and Forex - Sam Seiden
REPORT: Two of the Four Patterns of the Forex Market - Rick Wright
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Editors’ Picks
EUR/USD recovers towards 1.1750 as risk-on rules
EUR/USD is back around 1.1750 as upbeat US data fueled equities' early rally. Concerns about economic progress remain in the background, as the pandemic keeps taking its toll.
GBP/USD bounces from 1.30 as demand for the dollar eases
Dollar's corrective advance seems complete, now down against most major rivals. GBP/USD trades little changed for a second consecutive day in the 1.3060/70 price zone. Market players continue to ignore upcoming Brexit chaos.
USD/JPY jumps to fresh 10-day highs near 106.50
The USD/JPY pair erased all of its weekly losses and gained more than 100 pips on Friday. With the greenback preserving its strength at the start of the new week, the pair extended its rebound and touched its highest level at 106.47 on Monday.
Editors’ Picks
EUR/USD recovers towards 1.1750 as risk-on rules
EUR/USD is back around 1.1750 as upbeat US data fueled equities' early rally. Concerns about economic progress remain in the background, as the pandemic keeps taking its toll.
GBP/USD bounces from 1.30 as demand for the dollar eases
Dollar's corrective advance seems complete, now down against most major rivals. GBP/USD trades little changed for a second consecutive day in the 1.3060/70 price zone. Market players continue to ignore upcoming Brexit chaos.
USD/JPY jumps to fresh 10-day highs near 106.50
The USD/JPY pair erased all of its weekly losses and gained more than 100 pips on Friday. With the greenback preserving its strength at the start of the new week, the pair extended its rebound and touched its highest level at 106.47 on Monday.
BTC/USD is on the verge of a massive breakout towards $10,000 or $8,000
Bitcoin has already lost a significant portion of its dominance against other altcoins. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies.
Gold: Interesting Fibonacci extension projects a move to $2500
Gold has risen 10.74% in the month of July, the biggest monthly increase since February 2016. As the price is breaking all-time highs it's hard to say where the yellow metal could end up.
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