Forex chart, USD/CAD

The most powerful patterns for Forex traders

USD/CAD 20-Apr-17:00 -> 12-May-13:00 Target Level: 1.2080

SL: (A) 1.2080 Last TP of Falling Wedge RL: (B) 1.2132 Last TP of Falling Wedge Target Period: 3 days   Interval 4 hour Pattern Falling Wedge Length 55 Candles Identified 12-May-09:00

Falling Wedge identified at 12-May-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2080 within the next 3 days. Supported by Downward sloping Moving Average

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Support levels,

Resistance levels, and different indicators are most important to make profitable trades in the forex market. Some indicators lag the actually time so is important to know what you are doing when you are reading the charts. Most of the best forex and stock brokers will have live charts that you can trade from. Some will have practice accounts which can be a big help in learning how to trade these markets. New traders need to choose a couple good indicators and learn them inside and out to be successful.

ADVANCED FOREX PATTERNS (AFP) helps you to master 10 very powerful Forex patterns available to the Forex trader.

Moving averages

 Volume tends to be heavier in the morning when the markets open. When news breaks the trader will play the news long and short. During lunch hours it can get slower so traders need to be careful. When checking a forex pairs volume a lot depends on the news for each pair. News can determine what type af trade you need to make. Finding the advantage can make traders money either long or short. Many traders use moving averages that can show the start of a down or up trend. Scalping Strategy Course (DVD + Online)

Forex

  There are many types of news releases in the forex so movement of the different currency pairs happens daily. The fx market will offer more directional trading. Once you learn to recognize the trends. You need to learn to use technical chart analysis which will show you which way the trend is moving and make more profitable trades. Another great advantage is that you can invest in a forex newsletter which will remove most of the risk on your trades. This will put more money into your trading account.

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