Some important message for new Forex traders

it proceeded to surge higher, by around the same vertical distance as the height of the triangle.

Placing an entry order above the top of the triangle and going for a target as high as the height of the formation would’ve yielded nice profits.

That’s a whole lot of chart patterns we just taught you right there. We’re pretty tired so it’s time for us to take off and leave it to you from here…

Just playin’! We ain’t leaving you till you’re ready!In this section, we’ll discuss a bit more how to use these chart patterns to your advantage.

g bahi jan aap ke swal hmy yani niuw tredro k liay boht hi achy hoty hay sir mry kheaal sy to forex trading par niuw ko boht hi zeyada hrd working krni chahiay our iny demo account par bi boht zeyada mhnt krni chahiay taky iny rial account my bi loos na ho our ye achi profit nikal sky

It’s not enough to just know how the tools work, we’ve got to learn how to use them. And with all these new weapons in your arsenal,

we’d better get those profits fired up!Let’s summarize the chart patterns we just learned and categorize them according to the signals they give.

Reversal Chart PatternsReversal patterns are those chart formations that signal that the ongoing trend is about to change course.

a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon.

Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on.In this lesson, we covered six chart patterns that give reversal signals. Can you name all six of them?

To trade these chart patterns, simply place an order beyond the neckline and in the direction of the new trend.

Then go for a target that’s almost the same as the height of the formation.For instance, if you see a double bottom,

place a long order at the top of the formation’s neckline and go for a target that’s just as high as the distance from the bottoms to the neckline.

In the interest of proper risk management, don’t forget to place your stops! A reasonable stop loss can be set around the middle of the chart formation.

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