Can it fail?
Yes, false breakouts can occur, and the pattern may not [...]
Does volume matter in this pattern?
Absolutely, volume plays a critical role in confirming the breakout. [...]
What’s the difference between a head and shoulder and an inverse head and shoulder?
The regular head and shoulder pattern signals a bearish reversal, [...]
Can beginners use this pattern?
Yes, it is beginner-friendly and relatively easy to recognize. However, [...]
How accurate is the inverse head and shoulder pattern?
While it is considered highly reliable, no pattern guarantees success [...]
What does the inverse head and shoulder indicate?
It indicates a potential reversal from a downtrend to an [...]
Does every economic event impact foreign exchange (forex) trading?
No, some events have little impact. Traders usually focus on [...]
Can beginners use an economic calendar?
Absolutely, it is one of the simplest tools for beginners [...]
How do I read an economic calendar?
Check the date, event name, forecast, and actual results. Compare [...]
Which events are most important on the calendar?
Central bank decisions, employment reports, inflation data, and GDP releases [...]
