Wednesday, March 11, 2015

FOREX THEORY


How to Trade Fakeouts

Chart Patterns

Chart patterns are physical groupings of price you can actually see with your own eyes. They are an important part of technical analysis and also help you in your decision-making process.

Two common patterns where false breakouts tend to occur are:
-Head and Shoulders
-Double Top/Bottom

The head and shoulders chart pattern is actually one of the hardest patterns for new traders to spot. 

However, with time and experience, this pattern can become an instrumental part of your trading arsenal.


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