
Trading the Head and Shoulders Price pattern
Price patterns is the field of studying some recurring patterns that happen on the price chart, across different markets. Studying price patterns and especially getting familiar with some of the many patterns can build a profitable trading strategy.
Most beginners to forex usually tend to find themselves lost in tons of trading indicators, trading systems and lose out on the most basic and easy trading methodology. This article serves as an introduction for beginners to some simple price patterns that traders can test and use and see the results themselves.
Types of Price Patterns
Of the many kinds of price patterns available, they can all be classified into the following two self explanatory groups:
Continuation Patterns
Reversal Patterns
Bear in mind that when we talk about...