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The Top 5 Bullish Forex Chart Patterns for Swing Trading

Beginner swing traders will want to spend time studying key bullish forex chart patterns when developing their forex swing trading strategies.

While some swing traders might specialize in swing trading stocks, options or commodity futures, this post will focus on trading bullish chart patterns as part of a forex trading strategy.

As swing traders, we aim to profit from both up and down trends in the forex market.

That said, I know of traders in the forex market who make most of their money in bullish vs bearish markets.

The Lower Risk Way to Get into a Strong Bullish Trend

The lower risk route is to take advantage of the consolidation periods that almost always occur during sustained moves in price.

At some point during an uptrend, for example, there will likely be a sell-off as earlier buyers take profits.

The resulting conflict between bearish vs bullish forex traders commonly leads to one or more of a number of potentially profitable set-ups.

How to Avoid a False Break-Out on a Bullish Chart Pattern

Whether they’re looking at a 1 minute, 5 minute, 1 hour, or daily chart, waiting for price to break above a resistance level is a test of any trader’s patience.

The fear of missing a big move fuels a powerful urge to buy. But it’s a temptation that needs to be carefully managed.

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