Technical Analysis

[barry]

I'm fairly new to technical analysis and hope that someone might be able to assist me. I have read about price patterns, their probabilities and how to interpret them, yet I'm not sure how and when to trade it or jump in. Any help will be appreciated.

 

[john666]

Trading strategies are as different as people are different. According to www.forextraderengland.com price patterns seems to be more sustainable on a correction after the break. Remember that the pattern does not always break in the anticipated direction which is why you have to wait for the break to be confirmed, either by the market retracing to the pattern's support/ resistance or another alternative is to maybe use a Fib retracement. Give it a bash.