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Trendcontinuation

USDJPY 105.758 - 0.03 % LONG IDEA * REVERSAL/ CONTINUATI PATTERNGood Day Everyone A look at the USDJPY , the previous short idea on the pair was stopped out seems that momentum is favoring a move with the bulls to the upside on higher time frames the pair is still ranging in a descending triangle currently just rejected at the base of this structure so hoping for a move with the bulls in the coming week. let's how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 106.220 TP 2 - 106.609 SL - 105.646 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
3
US500 3396.8 + 0.24 % * CONTINUATION + FUNDAMENTALGood Day Everyone' A look at the S&P500 which has been trading in ascending triangle on the 4H chart looking for a break above of structure to trigger the trade looking for continuation of the trend to the upside with the bulls. The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy. INVEST.COM - report showed U.S. home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. unexpectedly sharp increases in Markit's indexes extend a pattern of choppy U.S. economic data this week - including weekly jobless claims - that paint a picture of a fitful recovery from the COVID-19 recession. "It's not surprising to see a pickup in manufacturing as the economy has started to reopen, even though pockets of the country have pulled back on their reopening," said Lindsey Bell, chief investment strategist at Ally Invest. "It's an encouraging sign and it supports the upside we have seen in the markets." za.investing.com we'll see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 3440.0 TP 2 - 3480.0 SL - 3377.9 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
NZDUSD 0.65580 + 0.36 % LONG IDEA * STRUCTURE & TREND ANALYSISGood Day Everyone Here's my idea on the NZDUSD pair that has been trading in a descending channel hitting HL & LL respecting structure, the pair was just rejected at the base of structure currently rallying up with the bulls respecting the channel looking for a continuation of this move with the bulls. the pair is currently trading in a ascending triangle on the 4H chart looking for a break above of this structure to trigger the trade.. FXSTREETS - Since the OCR drop , NZD/USD failes to correlate to its current interest rates and is operating at -83%. This is day 2 since the drop and NZD/USD as well as all NZD pairs must correlate to its interest rates. This is mandatory as an exchange rate cannot trade correctly in markets without a positive correlation to its interest rates. This means means NZD must adjust. As stated many times, an interest rate change by a central bank takes 5 days to normalize. We're on day 2 and 3 days to go. www.fxstreet.com let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 0.65850 TP 2 - 0.66169 SL - 0.65292 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
NZDJPY 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 NZDJPY. Here as you can see, the market broke below the previous lows of 69.55 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 70.00. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 70.71, and my target @ 69.06. Opinion: While this trade came to fruition before I could post it, it fortunately was a winning trade, which makes me very happy. That said, I felt this trade turned out very well, and was a perfect trend continuation pattern. 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, 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 GBPAUD. Here as you can see, the market broke below the previous lows of 1.1875 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8267. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.8365, and my target @ 1.8161. Opinion: 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
EURCAD 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 EURCAD. Here as you can see, the market broke above the previous highs of 1.5683 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.5729. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.5601, and my target @ 1.5892. Opinion: So, in this trade I decided to try something different, where I inverted the trading strategy. I thought this would be interesting to try and see what happens. 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
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 1.7350 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7419. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.7253, and my target @ 1.7612. Opinion: Here's another trade where I decided to invert the trading strategy. I have no idea what's going to happen with this one. 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
NZDUSD 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 NZDUSD. Here as you can see, the market broke below the previous lows of .6600 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6583. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ .6492, and my target @ .6712. Opinion: So far, this trade looks like a typical trend continuation pattern to me. That said though, simply cause it looks normal doesn't mean it's going to work out. So, 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
CADCHF 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 CADCHF. Here as you can see, the market broke below the previous lows of .6835 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6841. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ .6910, and my target @ .6750. 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
GBPCHF Trend Continuation Pattern InvertedIf 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 GBPCHF. Here as you can see, the market broke above the previous highs of 1.1937 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.1861. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.2015, and my target @ 1.1677. Opinion: So, this is the third trade where I decided to invert the trading strategy. Again, I thought this would be interesting to try and see what happens. So, cross your fingers. 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
EURNZD Trend Continuation Pattern InvertedIf 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 EURNZD. Here as you can see, the market broke above the previous highs of 1.8180 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8110. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.8183, and my target @ 1.8025. Opinion: So, this is the fourth trade where I decided to invert the trading strategy. Again, I thought this would be interesting to try and see what happens. So, cross your fingers. 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
GBPJPY 139.565 + 0.48 % LONG IDEA * TREND CONTINUATIONGood Day Everyone A look at the POUND YEN pair which has been in a uptrend hitting HH and LH for the past couple of weeks looking for a continuation of this uptrend. looking for significant moves with the bulls to confirm the trend looking for the pair to trade above the swing high and continue to the upside. let's see GOOD LUCK AND HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
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, 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 GBPAUD. Here as you can see, the market broke above the previous highs of 1.8325 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8243. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.8165, and my target @ 1.8347. Opinion: 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
2
USDCHF 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 USDCHF. Here as you can see, the market broke below the previous lows of .9056 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .9167. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ .9250, and my target @ .9053. Opinion: So far, this trade is heading towards my target for the time being, but will it continue? It looks like it could be losing momentum, so 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
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, 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 GBPUSD. Here as you can see, the market broke above the previous highs of 1.3170 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.3059. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.2971, and my target @ 1.3176. Opinion: At first, the market broke below, and closed below my entry, making me feel like I was going to get stopped out. But the market came back and is now looking like it's treating my entry level as support. So, hopefully we'll have a winner here, but 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, 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 AUDUSD. Here as you can see, the market broke above the previous highs of .7227 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .7139. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .7066, and my target @ .7238. Opinion: So far, the market has just been consolidating around my entry, so I don't really know how I feel about this trade. That said, anything can happen in the market, 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
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, 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 GBPAUD. Here as you can see, the market broke above the previous highs of 1.8291 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8220. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.8129, and my target @ 1.8344. Opinion: 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
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, 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 EURNZD. Here as you can see, the market broke above the previous highs of 1.7858 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.7775. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 1.7679, and my target @ 1.7895. Opinion: Here is another trade (the 3rd one) that I took that also came to fruition before I could post it. It's crazy because normally when this happens the trades are losing trades, but in today's case they were all winners, which is super nice. So, as you can imagine, I'm not happy that it came to fruition before I could post them, but I am very happy that this one was a winner. 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
CADJPY 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 CADJPY. Here as you can see, the market broke below the previous lows of 78.11 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 79.17. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 80.24, and my target @ 77.68. 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
NZDJPY 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 NZDJPY. Here as you can see, the market broke below the previous lows of 70.03 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 70.18. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 70.67, and my target @ 69.62. Opinion: So far, this trade is going in our direction for the time being, but will it continue? I'm not entirely sure. 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
AUDCAD 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 AUDCAD. Here as you can see, the market broke above the previous highs of .9640 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .9569. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .9480, and my target @ .9692. 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
6