In other words, the price has gone up in that specific period. There are two versions of the head and shoulders pattern: Practice your chart reading skills on a demo account or utilize them on a real trading account! In turn, the neckline is a level of either support or resistance. The three main chart types are line, bar, reading forex charts tips candlesticks. Be on the Lookout for Overcomplicating Matters Unfortunately, technical analysts can get carried away in a hurry. There are a number of methods used by forex traders to predict the movements of currency pairs.
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