Some important message for new Forex traders

but then return back to test the level again. If the price bounces off of that level again, then you have a DOUBLE top!

In the chart above you can see that two peaks or “tops” were formed after a strong move up.

Notice how the second top was not able to break the high of the first top. This is a strong sign that a reversal is going to occur because it is telling us that the buying pressure is just about finished.

With the double top, we would place our entry order below the neckline because we are anticipating a reversal of the uptrend.

Wow! We must be psychic or something because we always seem to be rightLooking at the chart you can see that the price breaks the neckline and makes a nice move down.

Remember that double tops are a trend reversal formation so you’ll want to look for these after there is a strong uptrend.

You’ll also notice that the drop is approximately the same height as the double top formation. forex trade in the insta broker

A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.

yeh kya message dya hai aap nay yeh sub baten to her new trader ko pata hti hai and ager kisi ko forex ka nai b pata to us ko b in baton ka pata ho ga to may apko appricate nai kerti sorry to say

What’s happening during this formation is that the market is making lower highs and higher lows. forex trade in the

This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend.

If this were a battle between the buyers and sellers, then this would be a draw.This is also a type of consolidation.

In the chart above, we can see that neither the buyers nor the sellers could push the price in their direction. When this happens we get lower highs and higher lows.

As these two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be,

but we do know that the market will most likely break out. Eventually, one side of the market will give in.