he descending triangle pattern is one of the top continuation patterns that appear in the middle of a trend. Traders anticipate the market to continue in the direction of the bigger trend and accordingly develop trading setups.
Inside bar refers to a candlestick pattern that consists of two candlesticks in which the most recent candlestick will form within the range of the previous candle.
It is the most widely used candlestick pattern and there is a clear logic behind this pattern. It can make you a profitable trader if you will use it in the correct way.
Rising Wedge Pattern is a trend reversal chart pattern that that indicates gradually decrease in market momentum.
if it is traded with confluence like a supply or resistance level then Winning probability of this setup will increase.
Support and resistance are the zones from where most of the sellers/buyers are willing to place their orders. for example, a round number 1.30000 will also act as an S&R zone due to psychological level.
price bounces from support and resistance zones many times and it always remains valid. More bounces mean a stronger zone.
Whereas the supply and demand zone...
Bullish trend refers to consecutive higher highs
and higher lows in the price of a currency pair in forex during a specific timeframe. it shows that there is strong buying pressure.
The formation of consecutive lower lows and lower highs in the price of a currency during a specific timeframe is called a bearish trend. It indicates...
Bollinger band is a technical indicator that is used to identify volatility in price using moving average and standard deviation.
Bollinger bands indicator consists of three bands
• Upper band
• Middle band
• Lower band
GBPCHF FORECAST ✅
In GBPCHF, price is forming a Quasimodo pattern. above is the Supply zone and that will be an entry point. Below Flag limit is the attraction level for the price. After taking supply price has to meet flag limit.