Products
Members
Business Opportunities
University
About FXtrek
Site Map
Home
  Members Tools
FXtrek ID
Password
 
 
 
 

Technical analysts and traders believe that certain chart patterns and shapes are signals for profitable trading opportunities. Many professional and amateur traders claim that they consistently make trading profits by following those signals. In this chapter we introduce some types of chart patterns and the corresponding trading strategies, that, according to our extensive historical tests, give the trader an advantage.

Triangle Breakout


Figure 18. Triangle Breakout.

This is the famous Triangle Breakout pattern, a strong buy signal. In the past two months the price shown has consolidated with declining amplitude and volume. At present, it breaks out with high volume, signaling a possible new up trend.


Figure 19. A typical Triangle Breakdown pattern –a strong sell signal.

back    next

 
  FX University
    Introduction
    Charts
    Technical Indicators
    Technical Trading Strategy
    Moving Average Crosses
    Candle Stick Trend Reversal
    Head and Shoulder
    Range Breakout
    Triangle Breakout
    Cup-With-A-Handle
    Triple Top/Bottom
    Stochastic Combo
    Risk Management
    Glossary
 
  Site Search
  
Comment on the Site   |   Contact Us   |   Privacy Policy   |

Copyright © 2001-2017 FXtrek.com