1. The base currency is the first currency quoted in a currency pair. For example, the US dollar is the base currency in the USD/JPY pair. The base currency is quoted in units of the second currency, called the counter currency.
2. The
base chart pattern generally follows a trending market, and is formed a period of price action congested into a tight trading range. The pattern is typically representative of a temporary break in trend before a reversal or continuation of trend. See also
Continuation Candlestick Patterns
