Chart Patterns for Forex Beginners

#OPINIONLEADER#

This ebook introduces some common known reversal and continuation patterns, and discuss the ways to identify them. Reversal patterns include: Head and Shoulders, Double Tops and Bottoms, Triple Tops and Bottoms and Saucers. Continuation patterns include Triangles (Ascending, Descending, Symmetrical and Broadening), Flags and Pennants, Wedges and Rectangles.

The patterns exhibit the psychology and momentum of the market. No matter which type of traders you are, it is always helpful to be aware of the patterns. Using the patterns is not a stand-alone method of trading the market, in fact, it is better to be used in conjunction with other tools like trend lines and technical indicators. Beginners might first find it difficult to identify the patterns. They can familiarize themselves with the patterns through studying historical charts and examples.

Download the FREE Forex ebook now!

Contents

I: INTRODUCTION

II: REVERSAL PATTERNS

III: HEAD AND SHOULDERS

• HEAD AND SHOULDERS PATTERN
• REVERSE HEAD AND SHOULDERS

IV: DOUBLE TOPS AND BOTTOMS

V: TRIPLE TOPS AND BOTTOMS

VI: SAUCERS

VII: CONTINUATION PATTERNS

VIII: TRIANGLES

• DESCENDING TRIANGLES
• ASCENDING TRIANGLES
• SYMMETRICAL TRIANGLES

IX: WEDGES

X: FLAGS AND PENNANTS

XI: RECTANGLES

XII: CONCLUSIONS

Download the FREE Forex ebook now!