To be effective in the forex market, moving averages must be able to identify patterns and momentum quickly. The market's reaction to the moving average is unquestionably important in the long run. To identify a convergence of support and resistance, other factors, such as ups and downs, the Fibonacci sequence, and other metrics should be included. The more people making decisions at once, the more decisions are made. Consequently, a breakout or rebound becomes increasingly important. Japanese candlestick patterns are traded to determine, for example, if they have been rebounded or broken. A candle pattern may then be used to determine whether a trade is profitable.