Bilateral chart patterns indicate or signal that the price of a currency can move in either direction. Either the price will move along with the current trend or it will move against it.

Reversal chart patterns indicate the possibility of a trend reversal. Double top, double bottom, head and shoulders, inverse head and shoulders, rising wedge, and falling wedge are all chart patterns.

Continuation patterns are another type of chart pattern that can be seen on Forex charts. These patterns suggest that the current trend will continue after a brief pause in the trend's direction. They are referred to as a falling wedge, a rising wedge, a bullish rectangle, a bearish rectangle, a bullish pennant, and a bearish pennant.

Bilateral chart patterns are technical analysis formations in financial markets that indicate a potential continuation of the prevailing price trend. These patterns are characterized by symmetrical structures, suggesting a balance between bullish and bearish forces before a decisive move occurs. One common bilateral pattern is the symmetrical triangle, where converging trendlines create a tightening range, reflecting a temporary equilibrium between buyers and sellers.

Another example is the rectangle pattern, which forms horizontal support and resistance levels, signaling a consolidation phase. Traders often wait for a breakout from these patterns to confirm the direction of the next significant price movement. Recognizing bilateral chart patterns is crucial for market participants as they can provide valuable insights into future price trends, helping traders make informed decisions on when to enter or exit positions. Analyzing these formations contributes to a comprehensive technical analysis approach, enhancing traders' ability to navigate dynamic financial markets.