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If the market has already made its move, you might have to adjust your thinking and current strategy. Economic data rumors do exist, and they can occur minutes to several hours before a scheduled release of data. The rumors help to produce some short-term trader action, and they can sometimes also have a lasting effect on market sentiment.

Having a well-rounded risk management plan, in this case, could save you some moolah! And the final tip: Know who is reporting the news. Are we talking analysts or economists? Or the owner of the newest forex blog on the block? Maybe a central bank analyst? Are they offering merely an opinion or a stated fact based on recently released data? Those who report the news often have their own agenda and have their own strengths and weaknesses.

Can you dig it? All signals are monitored on the H1 and H4 time frames. Chart Patterns The Patterns section features technical analysis chart patterns and their brief description. The system automatically analyzes price changes and signals such popular patterns as Pennant, Head and Shoulders, Double Top, Rectangle, etc. These patterns will help you monitor the market online and signal a possible reversal or correction.

You will find a detailed description of the most common patterns in the Theory section. Chart patterns are monitored on the M5, M15, and M30 time frames. Stay informed about market changes! You can turn on instant push notifications to receive important information about new signals and patterns. If you want to receive notifications only for trading signals or only for patterns you can turn them on separately or select both options for different trading instruments.

For example, you can set notifications for cryptocurrencies trading signals or notifications for Forex chart patterns. The app also allows you to receive notifications on the main trading instruments in two modes at once. You can also customize the notifications for each mode.

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