Trading Articles

USD\JPY is in a strong descending channel at the daily chart. The channel was tested for 7 times and is considered a very reliable pattern.

Trading:
Traders can take trades on the Resistance trendlines, after candlesticks confirm the entry. A target for this trade is the support trend line.

Short trade can be signaled when price breaks the channel downwards, or pulls back to the broken trendline.

A Megaphone at 4-hour chart may signal the bearish breakout and a beginning of a downtrend at the USD\CAD. Price has finish 4 touches at the trend lines of the Megaphone and it is expected to create a partial rotation, reverse and break the support trendline. Megaphone is based on the 1.0400 Support level which is a strong psychological level - once the megaphone is broken we could expect this level to break as well.

The Head & Shoulders is one of the most known chart patterns, and often considered the best one. Enjoying a win rate of 95%, it is not surprising. In this tutorial you will learn new, undisclosed methods to trade this chart pattern.

Introduction
The Head & Shoulders consists of three tops (or bottom), with the second one being beyond the 1st and 3rd, thus creating a shape of a Head that is surrounded with two shoulders. The line that serves as support and connects the shoulder-head-shoulder from below is called Neckline.

Trend lines are one of the most basic technical analysis tools. The are the foundations of any chart patterns and the basis for most chartistic trades. Today we will teach how trend lines are identified and trade, for maximum profits.

What Are Trend Lines
Trend lines are Support and Resistance lines. Unlike traditional Support and Resistance levels which are horizontal, trend lines are sloped - Rising or Falling.