The classical figures of continuation and reversal of the trend are always of great importance to a working trader. A trader can come across the following figures. A figure of the trend prolongation (continuation) indicates that there takes place the trend common correction (recoil). After the end of it, a deal must be opened along the trend. For instance, under the condition of the “bull” trend and the downwards-turned recoil, one must open a deal on “buy”, trying to “surf” with the trend new wave. The trend reversal figure indicates that a currency pair has reached its peak, after which the reversal happens. Starting from the peak, one must open a deal against the previous trend direction. For instance, at the top of the “bull” trend, one must open a deal on “sell”, trying to detect (“catch”) the new trend first wave.
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