What Are Forex Charts Patterns? The Beginners Guide

The forex charts patterns refer to a collection of past patterns of price behavior for a particular currency pair. Therefore, forex traders must first master the concept of price charts in order to understand forex chart patterns. Price charts are used by analysts, individual traders, and forex market experts to track historical price movements in a currency exchange rate. These charts allow traders to basically look into the past. According to technical experts, this previous price behavior might indicate in which direction the asset will move.