A personal story and other options follow...

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Forex Chart Patterns

A personal story...

Having observed Forex chart patterns over 2 decades I reckon I can say, let's play a game...

Let's look at any Currency pair on any time frame, show me a Head and Shoulders pattern that played out as expected, I'll show you one that didn't.

Let's look at another Currency pair on a different time frame, show me an Ascending triangle pattern that played out as expected, I'll show you one that didn't.

The take away from this...

Chart patterns in the world of Forex should be taken with a pinch of salt.

Sure, learn them, use them as you wish but have something else too. Verify the trade, have an additional edge. You need an edge when trading and for me, most Chart patterns (outcome) have no more of an edge than a coin flip.

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