Get started

Trendcontinuation

USDCHF - Trend Continuation NOW - MTFA, EMA, Stochastic, ...Hi Traders! The market is in a Downtrend. The Key Areas are: Trendline "Past descending Triangle" - descending, resisting Resistance @ 0.95300 Resistance @ 0.94800 Support @ 0.93800 200 Exponential Moving Average - resisting Stochastic Oscillator - overbought Category: - Trend Continuation - Pullback Trading - Retest after Breakout As you can see the Downtrend is also viewable on the H4-Timeframe and the D1-Timeframe too. That's why a short trade is more at the moment more secure than a long trade. In the last past days, the market was moving in a descending Triangle. Then it broke out of the Triangle and the Support at 0.94800. It moved down and finally back up again. This Up-Movement can be reasoned due the strong USD against the weak CHF, as shown in the Currency Strength Meter. Now the market reached the important Resistance again. This could also be interpreted as a potential Retest. The indicators show: - Resistance from the 200MA, it is pushing lower and - Stochastic Osciallator is overbought, should fall soon. We recommend to trade the bearish crossover of the Stochastic Oscillator. Thanks and successful Trading :)!
Short
by swissmoneymakers
GBPNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD. Here as you can see, the market broke below the previous lows of 1.9153 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9261. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.9346, and my target @ 1.9146. So far, this looks like a typical trend continuation pattern, question is, did I draw from the structure point that the market is going to respect or violate. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
GBPCAD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPCAD. Here as you can see, the market broke below the previous lows of 1.6835 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.6860. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.6937, and my target @ 1.6766. So far, this looks like a typical trend continuation pattern, question is, did I draw from the structure point that the market is going to respect or violate. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
GBPNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD. Here as you can see, the market broke below the previous lows of 1.9152 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9261. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.9347, and my target @ 1.9145. So far, this looks like a typical trend continuation pattern, question is, did I draw from the structure point that the market is going to respect or violate. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
4
GBPNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD. Here as you can see, the market broke below the previous lows of 1.9198 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9262. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.9341, and my target @ 1.9175. While this trade came to fruition before I could post it, it fortunately was a winning trade, which makes me very happy. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
3
AUDUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on AUDUSD. Here as you can see, the market broke above the previous highs of .6911 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6852. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .6767, and my target @ .6973. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPUSD. Here as you can see, the market broke below the previous lows of 1.2546 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.2598. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.2664, and my target @ 1.2462. Unfortunately this trade came to fruition before I could post it, and what makes it particularly disappointing is that its a losing trade. But that's just how trading goes sometimes. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
1
GBPJPY Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPJPY. Here as you can see, the market broke above the previous highs of 136.04 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 134.58. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 133.40, and my target @ 136.33. Unfortunately this trade came to fruition before I could post it, and what makes it particularly disappointing is that its a losing trade. But that's just how trading goes sometimes. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPCHF Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPCHF. Here as you can see, the market broke above the previous highs of 1.1979 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.1930. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.1854, and my target @ 1.2026. Unfortunately this trade came to fruition before I could post it, and what makes it particularly disappointing is that its a losing trade. But that's just how trading goes sometimes. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPCAD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPCAD. Here as you can see, the market broke above the previous highs of 1.7120 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7021. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.6915, and my target @ 1.7173. Based on what I'm seeing, we've been retracing since May 27, 2020, and are currently still in that retracement. That said however, there are some signs that the market could be positioning itself to reverse and continue the overarching bearish trend it was previously on. So, we'll just have to wait and see. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
AUDUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on AUDUSD. Here as you can see, the market broke below the previous lows of .6799 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6859. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ .6922, and my target @ .6788. So far, This looks like a pretty clear cut trend continuation pattern. That being said, we'll just have to cross our fingers and wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
2
EURUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on EURUSD. Here as you can see, the market broke above the previous highs of 1.1383 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.1310. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.1232, and my target @ 1.1391. Unfortunately this trade came to fruition before I could post it, and what makes it particularly disappointing is that its a losing trade. But that's just how trading goes sometimes. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPCHF potential bullish movementon DAILY: GBPCHF is approaching a strong support zone in blue so we will be looking for objective buy setups on lower timeframes. on M30: GBPCHF formed an objective trendline in red, and price broke it upward, but we didn't buy yet, as we are waiting for a momentum candle close above its last swing. meanwhile, GBPCHF would be overall bearish and can still test our lower support zone before going upward. in this case, we will be looking for new objective buy setups to form
Long
by TheSignalyst
USDCAD - Easy Trend Trading Setup - Retracement about to endHi Traders! The market is in an Shortterm Uptrend, but in a Longterm Downtrend too. You can see that espacially when you switch to the higher timeframes, that the overall trend is the Downtrend. To emphasize the bearish Power, we added the 200MA of the H4 Timeframe to the Chart. After a long bearish Downmove, the market suddenly made a deep Retracement. This Retracement was healthy and full of momentum. The Retracement move started at the Support of 1.33700. Now it climbed up around 300 pips. It is forming a Triangle / Flag. But what does that mean now? The market did not make a higher high. This is a clue for bullish weakness. Furthermore we can assume that the market will continue its Downtrend. That means, that the bearish power will be stronger than the bullish power in the future. Anyway, the market could change the trend to an Uptrend. But for that it has to make a higher high. If the market breaks the Flag upwards (so it would be the Bullish Flag Pattern), then the Trend would have changed. We recommend to trade the bearish Breakout of the trendline! Thanks and successful Trading :)!
Short
by swissmoneymakers
CADCHF trend Continuation PatternWelcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on CADCHF. Here as you can see, the market broke above the previous highs of .7137 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .7043. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .6935, and my target @ .7185. So far, This looks like a pretty clear cut trend continuation pattern. That being said, we'll just have to cross our fingers and wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
3
NZDJPY Trend Continuation PatternWelcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on NZDJPY. Here as you can see, the market broke above the previous highs of 70.17 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 70.06. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 68.98, and my target @ 71.62. So far, this looks like a typical trend continuation pattern, question is, did I draw from the structure point that the market is going to respect or violate. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
2
EURNZD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on EURNZD. Here as you can see, the market broke below the previous lows of 1.7406 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7437. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.7599, and my target @ 1.7204. While I'm happy that I got involved in a trade, I have to be honest with you, I'm not confident about this particular trade. The market has already blown past my entry, which isn't a guarantee that it will be a loser, but that is how it looks to me. In the end, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
GBPAUD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPAUD. Here as you can see, the market broke above the previous highs of 1.8249 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8189. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.8087, and my target @ 1.8328. While this trade came to fruition before I could post it, it fortunately was a winning trade, which makes me very happy. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
GBPUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPUSD. Here as you can see, the market broke above the previous highs of 1.2755 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.2693. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.2607, and my target @ 1.2790. While I'm happy that I got involved in a trade, I have to be honest with you, I'm not confident about this particular trade. The market has already blown past my entry, which isn't a guarantee that it will be a loser, but that is how it looks to me. In the end, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
USDCAD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on USDCAD. Here as you can see, the market broke above the previous highs of 1.3468 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.3474. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.3583, and my target @ 1.3361. So far, this looks like a typical trend continuation pattern, question is, did I draw from the structure point that the market is going to respect or violate. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
USDJPY Trend Continuation PatternWelcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on USDJPY. Here as you can see, the market broke above the previous highs of 108.09 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 108.13. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 106.97, and my target @ 109.75. While I'm happy that I finally got involved in a trade this week, as it's been a slow week trading wise, I have to be honest with you, I'm not confident about this particular trade. The market has already blown past my entry, which isn't a guarantee that it will be a loser, but that is how it looks to me. In the end, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
6
CADCHF Trend Continuation Pattern - Full AnalysisIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me. Hey guys welcome back for some more chart analysis practice! I wanted to show you guys a very in-depth view on how I analyse the markets, particularly on the CADCHF trend continuation trade that I am involved with. In this video, I show you guys a double top pattern that has formed, talk about the consistency of double tops, as well as analyze my overall trading idea of the CADCHF. Enjoy! Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Long
by Matthew_Spositi
2
GBPCAD Trend Continuation PatternWelcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPCAD. Here as you can see, the market broke below the previous lows of 1.6970 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7016. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.7132, and my target @ 1.6855. So far, This looks like a pretty clear cut trend continuation pattern. That being said, we'll just have to cross our fingers and wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi