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Learn How To Trade Chart Patterns

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14 views7 pages

Learn How To Trade Chart Patterns

Uploaded by

offerhunterpro
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
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babypips

Middle School Important Chart Patterns

How to Trade Chart Patterns

By now you have an arsenal of weapons to use when


Partner Center
you battle the market. Find a Broker

In this lesson, you will add yet another weapon: CHART


PATTERNS!

Think of chart patterns as a land mine detector because, once you finish
this lesson, you will be able to spot “explosions” on the charts before
they even happen, potentially making you a lot of money in the process.

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Chart patterns are like that funny feeling you get in your tummy right
before you let a fart explode.

Don’t you wish you had a chart to detect this explosion?

In this lesson, you will learn classic chart patterns and formations.

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When correctly identified, it usually leads to an explosive breakout, so


watch out!

Remember, our goal is to spot big movements before they happen so


that we can ride them out and rake in the cash.

After all, who doesn’t want to have a pool of cash to swim in like Richie
Rich?

Chart formations will greatly help us spot conditions where the price is
ready to break out in a certain direction.

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They can also indicate whether the price will continue in its current
direction or reverse so we’ll also be devising some nifty trade strategies
for these chart patterns.

In a nutshell, chart patterns help you answer three questions:

1. How do I find potential entry points in a rising (or falling) trend?


2. How can chart patterns offer potential entry signals?
3. How do I know when to get out (exit signal) either to take profit (if

the chart pattern worked) or cut my losses (if the chart pattern
failed)?

Don’t worry, we’ll give you a neat little cheat sheet to help you
remember all these cool patterns and strategies!

Here’s the list of chart patterns that we’re going to cover:

Double Top and Double Bottom


Head and Shoulders and Inverse Head and Shoulders

Rising and Falling Wedges


Bullish and Bearish Rectangles

Bearish and Bullish Pennants


Triangles (Symmetrical, Ascending, and Descending)

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Upgrade to Babypips Premium! Unlock exclusive content that will help prepare you for the
upcoming trading week. Subscribe today and save 20% with an annual subscription!

Track Progress
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Next Lesson
How to Trade Double Tops and Double Bottoms

What to Read Next...

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Environment ECB’s Decision
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" Letting losses run is the most serious
mistake made by most investors."
- William O’Neil

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