Patterns are highly reliable.
Let dissect patterns in all currencies pars
I missed now perfect pennant pattern in EUR/USD because it wasn't the pair I trade frequently.
Now looking into all currency pairs and moving solely on patterns.
Common notable chart patterns are:-
* Dual Top (Reversal)
* Dual Bottom (Reversal)
* Head and Shoulders Top (Reversal)
* Head and Shoulders Bottom (Reversal)
* Falling Wedge (Reversal)
* Rising Wedge (Reversal)
* Rounding Bottom (Reversal)
* Triple Top (Reversal)
* Triple Bottom (Reversal)
* Bump and Run Reversal (Reversal)
* Flag, Pennant (Continuation)
* Symmetrical Triangle (Continuation)
* Ascending Triangle (Continuation)
* Descending Triangle (Continuation)
* Rectangle (Continuation)
* Price Channel (Continuation)
* Measured Move - Bullish (Continuation)
* Measured Move - Bearish (Continuation)
* Cup with Handle (Continuation)
In the moment there is a wedge formation in 4H and daily chart in GBPJPY. .it could be a buliish breakout above 232 mark in few days. .
https://www.nigeriaforextrading.com/...4239907132.mq4
https://www.nigeriaforextrading.com/...1656420537.ex4