How Chart Patterns Can Give You an Edge in the Forex Market?

Maybe you’re clicking on this article because you’re wondering how chart patterns can give you an edge in the market so you can view market moves like this 987 pip sell or this 581 pip sell in the market or even this 143 pip sell in the market whether you’re a scalping trader. Or an intraday trader or swing trader like me, you will find value in this article In this article, I will show you how the Fibonacci market multiple time frame structures, analysis, and a little bit of Elliott Wave Theory. Position yourself such that you can view significant market movements.

How Chart Patterns Can Give You an Edge in the Forex Market?

I created this article because when I first started learning how to trade 7 years ago, there wasn’t a lot of comprehensive information here on the internet, and I was part of an organization I was paying for where they provided quite a bit of information, but it was so much that it became Confusing.

For me, many of the people I started trading with were speculators and I quickly learned that this was not my style of trading, so I embarked on a journey of discovering a system that worked for me, so I work every day in the field of economic development and real estate development and on the other side of trading I have developed a system that allows To continue living my daily life and taking advantage of what the market has to offer.

If you have a passion for Forex trading, you must realize what is in it and what it is

Learning how to put these pieces together has allowed me to achieve some things in trading that most people don’t, and it’s not because I’m smarter, and it’s not because I’m special, it’s simply because I’ve put together a system that works, a system that allows me to live my daily life and add trading on top of it.

If you are completely new to the world of Forex, I advise you to check out the first article I put together about a year ago, it will give you the basic information you need to learn this skill set. If you know a little something and you are now on your way to technical analysis and adopting how to approach the market.

You want to make sure that you’ve watched this article until the end, and now I’ve broken it down so that if you’re familiar with some of the patterns, you don’t necessarily have to skip to that part, you can skip right to where you want to go.

What is your goal in Forex and what do you want to learn from it?

Make sure you have your notebook handy or if you prefer, I’m just learning that people take notes in the Notes app if you want to take notes in the Notes app, make sure your cell phone is readily available, and then I just ask for your attention and focus as we move Through this information.

Harmonized settings for the Forex market

I’m doing this article because many of the setups I make will be reversals, they will also be continuations of trends in the market but I think most of the controversy comes from the reversals I make with a lot of people. You are taught how to trade with the trend but if you already know how to take advantage… From what the market has to offer, you can set yourself up for some great moves.

So if you can spot these reversal formations or patterns initially using a combination of analyzing multiple time frames according to the Fibonacci indicator, you will be able to take advantage of the major moves in the market.

So my goal in creating this article and the others that will follow it is for experienced traders to people who whether you are new or people somewhere in the middle can benefit from this information to hone their trading skills.

Forex chart patterns

Before we get into detail about these chart patterns, we need to be on the same page about how the market moves and some basics. The information is the information I teach in the free course, if you haven’t taken it I highly encourage you to do so, as it will give you an insight. Insightful about my approach to the market and how you can combine them and benefit from them.

This information however but we can start from here the market moves in waves, it does not move straight up or down, so when I look at the structure of the market I see that this is the way I see the market, I see it in a way and I see opportunities to get in and I see opportunities to make Profits.

So we have an uptrend and a downtrend represented here we have our low and we have high B and we have pullback C and extension d the same thing in a sell trend we have high B low c pullback d take profit right so your C is where you enter, D is where you Where you can make profits.

Summary

As we continue to move through this course, you’ll be able to see how to incorporate that into um implementing some of the setups so what I want to touch on briefly, and again I’m not going to do it in depth, you can go and you can watch the free training to understand Fibonacci a little bit better but What I want has been explained here It may look to you like a chart on the left of the screen but it is a tool I use in the market that helps me tell me where to enter and where to exit.