Forex technical analysis uses charts to identify patterns and trends in price movements to make trading decisions. There are several commonly used chart patterns that traders look for when analyzing Forex charts.

One of the most popular chart patterns is the trendline, which is drawn by connecting two or more price points on a chart. A trendline helps traders identify the direction of a trend and potential areas of support and resistance.

Another commonly used chart pattern is the head and shoulders pattern, which indicates a potential reversal in price direction. The pattern consists of three peaks, with the middle peak being the highest, and a neckline connecting the lowest points of the two valleys.

Other chart patterns include triangles, flags, and channels, which help traders identify areas of consolidation or potential breakouts.

By analyzing these chart patterns and using other technical indicators, traders can make informed decisions about when to enter or exit trades in the Forex market.