Ascending Wedge Pattern - Advanced Forex Strategies

The Rectangle Forex Pattern has been introduced and analyzed among other patterns such as Wedge Forex Pattern  Descending Triangle Forex Pattern Ascending Triangle Forex Pattern Flag Forex Pattern Symmetric Triangle Forex and others

The Rectangle Forex Pattern has been introduced and analyzed among other patterns such as Wedge Forex Pattern  Descending Triangle Forex Pattern Ascending Triangle Forex Pattern Flag Forex Pattern Symmetric Triangle Forex and others submitted by FX_Winner to Forex [link] [comments]

The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020

The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020
The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020

If you want to be a proficient technical analyst, you've got to practice understanding chart trends.
Chart patterns, with great profits, can generate very reliable signals and reward traders.
We cover the top 12 chart trends with examples in this article and show you how to use them and how to make money trading with them.

The Head and Shoulders Pattern
The head and shoulders pattern is considered to be one of the most effective models for reversal. It begins when the price rises to the top after a long bullish run, and pulls down.
Shortly thereafter, the price increases again to a slightly higher rate but again decreases.
Finally, for the third time, the price goes up but only hits a point of the first high.
It pulls back after that and completes the pattern.

Head and Shoulders Pattern 2020

Inverse Head and Shoulders Pattern
There is also, as with other trends, an inverse head and shoulders that
happens after an prolonged downtrend and suggests that the price will go up.

Inverse Head and Shoulders Pattern 2020

Cup And Handle Patterns

A pattern on the cup and handle is a bullish pattern of continuity.
It is made up of two parts-a cup and a handle.
When a cup is full, the handle is shaped on its right side.
If a breakdown on a line of resistance follows, and traders find it a precursor for an uptrend.

Cup And Handle Patterns 2020
Cup And Handle Patterns (b) 2020


As you can see, there is nothing difficult about recognizing and trading a 'Cup and Handle' pattern.
Upon entering the trade on a resistance retest, you can put your stop loss below a handle's low and let the trade do its job.

Ascending Triangle
One of the most common patterns among traders are both ascending triangles and descending ones.
We should take a look at it from more of a rational viewpoint to really help you understand this trend.
The ascending triangle is formed when the price is incapable of breaking a resistance but, at the same time , higher lows form.

Ascending Triangle Pattern 2020

As you may see in the above example , the price bounces from resistance but on each bounce it is unable to make a lower low.
That gives us a bullish signal that a potential break is about to occur.

Ascending Triangle Chart Pattern 2020

Descending Triangle
Inverse to the Ascending Triangle, the Descending Triangle is noticeable when
the market bounces from support but can not hit higher altitudes.

Descending Triangle pattern 2020


Descending Triangle Chart Pattern 2020



The Falling Wedge Pattern
Falling wedge is a bullish trend of reversal that happens most of the time while
the price is going down but we can see divergence on one of our oscillators.
That means that while the price goes down, sellers
get tired and we can expect a reversal soon.

The Falling Wedge Pattern Chart Pattern 2020

Rising Wedge
Reversal of Dropping Wedge, price is moving higher
but in your oscillator you can find weakening clues.

Rising Wedge Chart Pattern 2020

Double Top Pattern

Typically the double top pattern is made at
the end of the trends as a toping shape.
It is a bearish reversal trend characterized by the peak which is
followed shortly by the second at the same or very close price point.
The double top pattern is true until
the price breaks below the highs rendered support.
We use the same word "neckline" that is
used for the Head and Shoulders pattern as well.
You may either join the trade after the
neckline is broken, or wait for the neckline's retest.


Double Top Pattern Chart Pattern 2020


Double Bottom Pattern

The Double Top opposite is the Double Bottom pattern
that is made at the bottom of the downtrend.
The Double Bottom is defined as having two
bottoms at a price point equal to or identical.
Just as with the Double Top pattern, you can
enter either at the "neckline" break or at its retest.

Double Bottom Pattern Chart Pattern 2020



Flags

Flags are technological patterns that can be understood
as a pause in the trend that underlies.
Following a rapid market pattern, flags are spotted as
consolidation, and they signify the continuation after the breakout.
We have a Bull and Bear flags, just as with all map trends.

Bear Flag

Bear Flag Chart Pattern 2020


Bull Flag

Bull Flag Chart Pattern 2020


Conclusion
Classic chart patterns are one of the oldest sections of technical analysis and have been proved several
times as a practical way to assist technical traders in determining the next course of the market.
That being said, when making trade decisions, a trader
should not neglect the context and current market conditions.

Eva " Forex " Canares .
Cheers and Profitable Trading to All.



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Broadening Tops trading strategy

Broadening Tops trading strategy
For a broadening top, the price trend should be leading up to the formation, not down as in its bottom counterparts. This is just an arbitrary designation I have chosen to distinguish the two formations.
Shape and trend lines. Trend lines drawn across the peaks and valleys resemble a megaphone. Higher highs and lower lows make the formation obvious to those versed in spotting chart patterns. The slope of the trend lines is what distinguishes this formation from some others. The top trend line must slope up and the bottom one must slope down. When one of the two trend lines is horizontal or nearly so, the formation classifies as a right-angled ascending or descending broadening formation. When the two trend lines slope in the same direction, the formation is a broadening wedge.
Touches.There should be at least two minor highs and two minor lows before the chart pattern becomes a broadening top. three minor highs touching the top trend line and four minor lows either nearing or touching the bottom trend line. The minor highs and minor lows need not alternate as prices crisscross the formation.
Breakout. A breakout happens when prices move outside the trend-line boundaries or follow a trend line for an extended time. When a breakout occurs,
I consider the actual breakout price to be the value of the highest peak in the formation.
Measure rule. The first thing to consider about trading tactics is the measure rule. The measure rule predicts the price to which the stock will move. For many formations, one simply computes the height of the formation and adds the result to the breakout price. Broadening formations are not much different.
buy trading signal Go long at the low. Since a broadening formation requires two points along the top trend line and two along the bottom before the formation appears,
sell forex trading signal Go short at the high Sell short after prices start heading down at the top.
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Trading With Ascending Triangles To Find Explosive ... Live Trading Example 11 - Rising Wedge Chart Pattern ASCENDING BROADENING WEDGE!! GREAT CHART PATTERN TO HAVE IN YOUR TOOLBOX! The ASCENDING Wedge Of GOD Pattern In Bitcoin

The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy. The pattern itself is easy to spot as it resembles a megaphone. Usually the price is hitting higher highs on the top resistance line and higher lows on the bottom support line. Unlike narrowing wedges, and triangles, the broadening wedge ... The current chart pattern resembles an ascending wedge pattern, which is a bullish formation. A break below at 1.2650 makes the bullish outlook less likely (red x). A break below at 1.2650 makes ... The difference between wedge patterns and triangle patterns is simple: the trendlines in a wedge pattern point in the same direction. Ascending triangles have flat tops and a rising bottom. Descending triangles have flat bottoms with declining tops. Symmetrical triangles have a downtrend line and an uptrend line. Wedges are different. Rising wedges have a trendline both above and below price ... Wedge Pattern Forex Trading System. Chart setup. There is no need to setup your chart because this system does not use any indicators; instead I am looking to recognize significant support & resistance and the Rising and Falling Wedges on any timeframe. This pattern in a Forex chart represents a potential market correction on a prevailing trend. There are two types of wedges: types of wedges: ascending or rising wedge and descending or falling wedge. In this blog post, we will discuss the structure of the wedge pattern, how to spot it, and most importantly, how to trade and make profits from it. The NZDUSD pair in its 4-hour chart reveals the breakdown of an ascending wedge pattern in progress, suggesting the possibility of further declines for the following trading sessions. The oceanic currency against the US Dollar started to develop a rally from 0.5920 on May 15th, which took a breath once topped at 0.6584 on June 10th, beginning to move mostly sideways. Once the price action ... The ascending wedge pattern (more often referred to as the rising wedge pattern) trading strategy refers to a rather bearish trading phase where the trade in question is likely headed in a downward direction. Herein you have wedges that slope upwards with an impending downward spiral going forward. This pattern is best understood when looked at ...

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Trading With Ascending Triangles To Find Explosive ...

rising wedge chart pattern! facts about it from the encyclopedia of chart patterns! - duration: 11:05. chris m 1,342 views LIVE FOREX TRADING 5TH MAY APRIL 2020 Todd Capital Group 372 watching. Live now ; 3 Simple Ways To Use Candlestick Patterns In Trading; SchoolOfTrade.com - Duration: 11:56. Joseph James 1,680,093 ... ascending broadening wedge!! great chart pattern to have in your toolbox! going through all the characteristics of this chart pattern! The ascending triangle is one of the most popular and broadly used price action patterns for forex and stock trading. In this video you’ll discover:• what is an...

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