9/15/2023 0 Comments Flat top breakoutA downside forex price breakout is a sell forex signal.įorex Price Breaks Out of the range consolidation pattern after a period of time and forex price continues to move upwards after an upwards forex price breakout. An upside forex price breakout is a buy forex signal. Now watching for price to flag/consolidate tight below this breakout spot These all time. Range consolidation chart pattern forms over an extended period of time giving this forex chart pattern its range shape.įlat Top Breakout Pattern - A forex breakout of forex price action from this range consolidation chart pattern occurs when either of the horizontal line is penetrated and the forex trading range of this range forex pattern is broken. ON Really nice flat top breakout forming. Range consolidation chart pattern is drawn on a forex chart using a range, therefore its name forex range chart pattern.įor this forex consolidation chart pattern, forex price forms a series of highs and lows that can be connected with horizontal forex trend lines that are parallel to each other. The forex trading range is defined by two parallel forex trend lines which are horizontal and these trend lines indicate the presence of support levels and resistance levels at this particular area. Flat Top Breakout Pattern - How To Trade Forex Breakouts - How To Identify Forex Breakout PatternĪ range forex consolidation chart pattern is a trading range with narrow forex price action that forms a consolidation period in forex market.
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