๐Ÿ“š STUDY SET

Forex Foundations

12 practice questions with answers. Think you know them? Play them live โ†’

1. A pattern's 'measured move' estimates...?
  • A price target
  • Elapsed time
  • Volume
  • Spread
โœ… Answer: A price target
2. A 'triple top' generally indicates...?
  • A bullish breakout
  • A bearish signal
  • Continuation up
  • Nothing
โœ… Answer: A bearish signal
3. A rectangle/range pattern shows price...?
  • Trending up
  • Bouncing between support and resistance
  • Gapping
  • Spiking
โœ… Answer: Bouncing between support and resistance
4. An 'inverse head and shoulders' signals a...?
  • Bearish reversal
  • Bullish reversal
  • Continuation down
  • Range
โœ… Answer: Bullish reversal
5. A 'pennant' resembles a small...?
  • Symmetrical triangle
  • Rectangle
  • Circle
  • Channel
โœ… Answer: Symmetrical triangle
6. A 'double bottom' is a...?
  • Bearish reversal
  • Bullish reversal
  • Triangle
  • Wedge
โœ… Answer: Bullish reversal
7. A rising wedge is generally...?
  • Bearish
  • Bullish
  • Neutral
  • Continuation up
โœ… Answer: Bearish
8. A 'double top' is a...?
  • Bearish reversal pattern
  • Bullish pattern
  • Continuation
  • Flag
โœ… Answer: Bearish reversal pattern
9. A 'bull flag' typically breaks...?
  • Upward, continuing the trend
  • Downward
  • Sideways forever
  • Randomly
โœ… Answer: Upward, continuing the trend
10. A falling wedge is generally...?
  • Bearish
  • Bullish
  • Neutral
  • Continuation down
โœ… Answer: Bullish
11. A 'cup and handle' is a...?
  • Bullish continuation pattern
  • Bearish reversal
  • Range
  • Doji
โœ… Answer: Bullish continuation pattern
12. An ascending triangle typically breaks...?
  • Downward
  • Upward
  • Sideways
  • Randomly
โœ… Answer: Upward

โ–ถ Play live in Algo Arena