Trading Classic Chart Patterns The Easy Way
Charting has always been used as a way to analyze and prediction for forex and is part of
technical analysis for trading classic chart patterns.
It is based exclusively on the study of
patterns by trend lines...
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Trading Classic Chart Patterns The Easy Way
Charting has always been used as a way to analyze and prediction for forex and is part of
technical analysis for trading classic chart patterns.
It is based exclusively on the study of
patterns by trend lines plotted on a price chart and candlestick chart formations.
The Three Principles Of Trading Classic Chart Patterns
Charting has three principles which are:
1) All factors or elements that affect the currency pair are reflected in price
2) Price always move in trend
3) Patterns created from price movements are always repeating itself
A trader that studies the price will be able to identify clearly the trend of a particular currency
pair and anticipate its changes as well.
Therefore, future probable behavior can be predicted.
The problem is that although traders may be able to identify these patterns but trading classic
chart patterns require some skill and patience which most traders struggles with.
Common Patterns Used In Trading Cla
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