Forex Chart Patterns Cheat Sheet

Forex Chart Patterns Cheat Sheet

Like we promised, here’s a neat little cheat sheet to help you remember all those forex chart patterns and what they are signaling.

We’ve listed the basic forex chart patterns, when they are formed, what type of signal they give, and what the next likely price move may be. Check it out!

Chart Pattern Forms During Type of Signal Next Move
Double Top Uptrend Reversal Down
Double Bottom Downtrend Reversal Up
Head and Shoulders Uptrend Reversal Down
Inverse Head and Shoulders Downtrend Reversal Up
Rising Wedge Downtrend Continuation Down
Rising Wedge Uptrend Reversal Down
Falling Wedge Uptrend Continuation Up
Falling Wedge Downtrend Reversal Up
Bearish Rectangle Downtrend Continuation Down
Bullish Rectangle Uptrend Continuation Up
Bearish Pennant Downtrend Continuation Down
Bullish Pennant Uptrend Continuation Up

You also might want to add this page to your bookmarks in case you need to double-check those chart patterns’ signals before you risk your hard-earned cash on a trade.  You never know when you’re gonna need to cheat, hah! Bookmark this thing yo!

And as you probably noticed, we didn’t include the triangle formations (symmetrical, ascending, and descending) in this cheat sheet. That’s because these chart patterns can form either in an uptrend or downtrend, and can signal either a continuation or reversal. Confusing I know, but that’s where practice and experience comes in!

Like we mentioned, it’s tough to tell where the forex market will breakout or reverse. So what’s important is that you prepare well and have your entry/exit orders ready so that you can be part of the action either way!

Forex Chart Patterns Cheat Sheet

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  1. Chart Patterns Schmatterns
  2. How to Trade Double Tops and Double Bottoms
  3. How to Trade the Head and Shoulders Pattern
  4. How to Trade Wedge Chart Patterns
  5. How to Use Rectangle Chart Patterns to Trade Breakouts
  6. How to Trade Bearish and Bullish Pennants
  7. How to Trade Triangle Chart Patterns
  8. Know the 3 Main Groups of Chart Patterns
  9. Forex Chart Patterns Cheat Sheet