Effective chart patterns of technical analysis to make your Forex trading profitable
When technical analysis appeared, people noticed the zones in the price charts where the price moves repeated after a while. They started to highlight these zones and mark them. Next, when traders saw the zone in the chart that was noticed earlier, they could assume how the price would move after such a zone, where the price declines or rises. That is how first price chart patterns appeared, or what we now call Forex chart patterns or formations.
They were first called so because they looked like geometrical…
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