1. A 'bear flag' typically breaks...?
- Upward
- Downward
- Sideways
- Randomly
✅ Answer: Downward
2. The 'neckline' is a key level in which pattern?
- Head and shoulders
- Triangle
- Flag
- Wedge
✅ Answer: Head and shoulders
3. A 'morning star' candlestick pattern is...?
- A bearish reversal
- A bullish reversal
- A continuation
- A doji
✅ Answer: A bullish reversal
4. An 'island reversal' is separated from prior action by...?
- Gaps on both sides
- One gap
- No gap
- A trendline
✅ Answer: Gaps on both sides
5. An 'evening star' candlestick pattern is...?
- A bearish reversal
- A bullish reversal
- A continuation
- A range
✅ Answer: A bearish reversal
6. A 'head and shoulders' pattern typically signals a...?
- Bearish reversal
- Bullish continuation
- Range
- Nothing
✅ Answer: Bearish reversal
7. A descending triangle typically breaks...?
- Downward
- Upward
- Sideways
- Up then down
✅ Answer: Downward
8. In USD/JPY, the JPY is known as the...?
- Base currency
- Quote currency
- Home currency
- Pip currency
✅ Answer: Quote currency
9. The nickname 'Fiber' refers to which pair?
- USD/JPY
- GBP/USD
- EUR/USD
- NZD/USD
✅ Answer: EUR/USD
10. Which pair is nicknamed 'Cable'?
- EUR/USD
- GBP/USD
- USD/CHF
- AUD/USD
✅ Answer: GBP/USD
11. The price at which you can sell the base currency is the...?
- Ask price
- Offer price
- Bid price
- Strike price
✅ Answer: Bid price
12. If you expect the base currency to weaken, you would...?
- Buy the pair
- Hold the pair
- Sell the pair
- Hedge only
✅ Answer: Sell the pair