FOREX LESSON BY THANDANANI

INTRODUCTION
BEFORE YOU GET STARTED THESE ARE THE WORDS THAT YOU MAY
ENCOUNTER

 LONG = BUY
 SHORT = SELL
 BULLS = BUYERS
 BEARS = SELLERS
 BULISH = IF THE MARKET IS UP,IS SAID TO BE
BULLISH
 BEARISH = IF THE MARKET IS DOWN, IS SAID TO
BE BEARISH
 CONTENT
 WHAT IS PRICE ACTION

PRICE ACTION = IS THE COMBINATION OF TRENDLINES, SWINGS,

CHART PATTERN, CANDLISTICK PATTERN
SUPPORT AND RESISTANCE.

 THREE TYPES OF TREND

I. UPTREND
II. DOWNTREND
III. SIDEWAY/NEUTRAL TREND

 SWINGS
• TWO TYPES OF SWINGS
I. UPSWING
II. DOWNSWING

 HORIZONTAL TRENDLINE
I. SUPPORT AND RESISTANE
II. REVESRSAL AND CONTINUATION
 CONTENT
 CHART PATTERN

1. TRIANGLE (3 TYPES OF TRIANGLE)

I. SYMMETRICALTRIANGLE
II. ASCENDING TRIANGLE
III. DESCENING TRIANG

2. HEAD AND SHOULDER AND INVERTED H&S

3. DOUBLE BOTTOM N DOULBE TOP
4. TRIPLE TOP/BOTTOM
HOW TO IDENTIFY SUPPORT AND RESISTANCE ZONE
I. SUPPORT TRENDLINE = ARE FORMED IN DOWNTREND
II. RESISTANCE TRENDLINE = ARE FORMED IN AN UPTREND
 SWINGS (TRENDLINES)
SUPPORT AND RESISTANCE TRENDLINE
 TRIANGLE PATTERN & HOW TO TRADE THEM
SYMMETRICAL TRIANDLE

ASCENDING TRIANGLE

DESCENDING TRIANGLE
 HEAD AND SHOULDER & HOW TO TRADE THEM

HEAD AND SHOULDER IS A BEARISH PATTERN

 INVERTED HEAD AND SHOULDER
INVERTED H&SIS ABULLISH PATTERN
 DOUBLE BOTTOM & HOW TRADE THEM

FORMED IN AN DOWNTREND OR IN RESISTANCE LEVEL

IT ABULLISH REVERSAL PATTERN
 DOUBLE TOP & HOW TO TRADE THEM
FORMED IN AN UPTREND
BEARISH REVERSALPATTERN
 TRIPLE BOTTOM/ TOP & HOW TO TRADE THEM
TRIPLE TOP FORMED IN AN UPTREND
BEARISH REVERSAL PATTERN

TRIPLE BOTTOM FORMED IN DOWNTREND

BULLISH REVERSAL PATTERN
CANDLISTICKS PATTERN
 DOJI (4 TYPES OF DOJI)
I. DOJI CROSS
II. GRAVEDTONE DOJI
III. GRAGONFLY DOJI
IV. LONG LEGGED DOJI

 BULLISH AND BEARISH CANDLISTICKS

I. BULLISH ENGULFING
II. BEARISH ENGULFING
III. BULISH HARAMI
IV. BEARISH HARAMI

 SHOOTING STAR /HAMMER

 SPINNING TOP
DOJI
a) CONSIDERED AS BULLISH OR BEARISH
b) FORMED UPTREND
c) FORMED DOWNTRED
d) CONSIRED AS BULLISH OR BEARISH
1.
ENGULFING
M
PATTERN

1, BULLISH ARE FORMED IN DOWNTREND OR SUPPORT LEVEL

2, BEARISH ARE FORMED IN UPTREND OR RESISTANCE LEVEL
BULLISH AND BEARISH HARAMI

BULLISH HARAMI ARE FORMED DOWNTREND OR SUPPORT LEVEL

BEARISH HARAMI ARE FORMED UPTREND OR RESISTANCE LEVEL
 CANDLESTICK
SHOOTING STAR AND HAMMER

FORMED IN RESISTANCE ZONE OR UPTREND

FORMED IN A SUPPORT ZONE OR

DOWNTREND
 SPINNING TOP
CAN BE CONSIRED AS BULLISH/BEARISH

SPINNING TOP
CHANNEL