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Trendcontinuation

GBPAUD Trend Continuation PatternWelcome 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 1.8524 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.8617. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.8730, and my target @ 1.8485. While this trade came to fruition before I could post it, it fortunately was a winning trade. 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
EURAUD Trend Continuation PatternWelcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on EURAUD . Here as you can see, the market broke below the previous lows of 1.6532 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.6724. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.6902, and my target @ 1.6471. While this trade came to fruition before I could post it, it fortunately was a winning trade. 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 PatternWelcome 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 .6616 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .6572. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .6495, and my target @ .6674. While this trade came to fruition before I could post it, it fortunately was a winning trade. 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
AUDCAD Trend Continuation PatternWelcome 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 .9142 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .9091. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .9014, and my target @ .9196. 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
USDZAR 17.36760 - 0.08 % SHORT IDEAGOOD DAY EVERYONE HERE'S AN IDEA ON THE USDZAR PAIR , LOOKING FROM THE MONTHLY WE HAVE A BIG BEARISH CANDLE JUST ABOVE MY 38.2% FIBONACCI SIGNALING STRONG MOMENTUM TO THE DOWNSIDE. > ON THE WEEKLY WE ARE STILL IN THAT DESCENDING CHANNEL MOVE TO THE DOWNSIDE STILL VERY STRONG WITH TWO FULL BEARISH CANDLE TO THE DOWNSIDE > WE MIGHT SEE A BIT OF CORRECTION/ RETRACEMENT TO RESISTANCE LEVEL 17.37298 THEN POSSIBLY CONTINUE TO THE DOWNSIDE. > IF WE DON'T BREAK RESISTANCE LEVEL 17.37298 LEVEL AND WE SEE A SIGNIFICANT MOVE TO THE DOWNSIDE WILL BE LOOKING FOR SHORT OPPORTUNITIES ON THE PAIR > IF WE TRADE ABOVE THAT STRUCTURE THE THE CHANNEL HOLDS WILL BE LOOKING FOR LONG. NOW FUNDAMENTALLY THE MARKET IS OPENING THE 1ST OF JUNE WHICH MIGHT STRENGTHEN THE RAND AGAINST THE DOLLAR SHOULD WE NOT SEE A RISE IN COVID-19 CASES AND FATALITIES HENCE I'M GOING FOR THIS SCENARIO OTHERWISE ANYTHING IS POSSIBLE.. ENTRY - FOLLOW YOUR ENTRY RULES / PENDING ORDERS / SELL STOPS TARGET 1 - 17.08611 TARGET 2 - 16.66926 RISK MANAGEMENT PERIOD - SWING
Short
by PULEMokhothu
2
GBPJPY > Trend Continuation Opportunity 133.00!!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GBPJPY Prices broke structure level at 133.00 and now could continue higher toward 134.00, if provide us trend continuation entry we could look to buy this up to ⚠ Please note the ideas is valid only if it happened as I said above Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Long
by TheTradersAvenue
13
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis - LONG We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 24900 before to enter Long. Our first target will be the -0.236 Fibonacci Level and second target the -0.382 Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 24900.00 | Stoploss: 24775.00 | Takeprofit1: 25150.00 | Takeprofit2: 25400.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:US30USDLong
by Sami_Derti
USDCAD +++ Waiting for a higher Price to SELL +++ Hi Traders! The market is in a Downtrend. As you can see the market is making lower lows. It even broke out from the important and strong Support of 1.38700. The Oscillator RSI shows the Value 10.3. For the most of the traders a Value under 30 is oversold. That's when the Trend-direction-traders cut their winners and the Trend-reversal-traders get in. The result is a Pullback. So, our idea is to enter the Trend-Continuation after the Pullback. A good sell opportunity is the bounce with the 20MA. We recommend to trade the trade with a good risk-to-reward ratio. Thanks and successful Trading :)!
Short
by swissmoneymakers
US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis We have a Bullish Trend and price made a breakout on a Key level @ 24600, we would like the enter long, but are waiting for a pullback or breakout of the previous high. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 24625.00 | Stoploss: 24500.00 | Takeprofit: 24875.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:US30USDLong
by Sami_Derti
GBPJPY: Trend continuationCypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken. Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time. Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on the left side on the chart, you will see that we have plenty of room to go in terms of demand which probably will end up getting filled atleast once again. We could potentially end up testing the initial support at a very psychological and major support level at 124. Hope you enjoyed the analysis and good luck to all trading GBP/JPY!!
Short
by MikulovicFOREX
2
AUDUSD - Trend Continuation - EASY Breakout StrategyHi Traders! The market is moving in an Uptrend. As you can see, the price is at this moment ranging between two important Levels: The Support at 0.63800 and the Resistance at 0.65700 Now we're predicting a Trend Continuation. But why now? You're probably thinking, that the market is at strong Resistance. That's why it'll fall. But look at the behavior of the market: The first time it hit the Resistance, it immediatly pulled back. The second time, the market again instantly retraced. We recommend to buy the trade with a Retest. Thanks and successful trading :)!
Long
by swissmoneymakers
BEARISH CADJPY CYPHER PATTERN COMPLETION AT STRUCTUREThere is a potential cypher pattern completion at structure. Not just that there is a 200 EMA confluence, monthly candle open price and monthly pivot point. So look at all the elements of confluence we have at that location: 1. Daily Structure Level 2. cypher pattern completing at structure. 3. 200 EMA confluence at cypher completion. 4. Monthly pivot confluence at structure 5. monthly candle open price at structure. Please note that this is not trading advice, follow your trade plan. Cheers!
Short
by YemiTrader
EURAUD - RETURNING TO A DECISION POINT Pair number 4 from this weeks trading video was the EURAUD. This pair has been GOLDEN over the past few weeks and well, we'll see if it has anything else to give. So we've almost completed the move that we predicted last week & as week make our way to previous structure lows the market will be at another "decision point." When I use the term "Decision Point" I'm referring to a point in the market where we can't really make a present moment prediction, rather we need to wait until the market gives us a clue on what it's likely to do next. So IF price does this, THEN we look for that (and vice versa). My preferred direction here would be another break to the downside, so what I hope we see is a violation of our previous level of structure support. IF that were to occur THEN I'll be looking for new shorts all the way to the 1.6300's level where we have a 127 Fibonacci extension & previous structure looking left. For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 24:40 mark I hope you have a great trading week! Stay Safe! Your Trading Coach - Akil
Short
by Akil_Stokes
4
AUDUSD - BEARISH BAT WITH DOUBLE TOP COMPLETION The 3rd pair we reviewed in this weekend's video was the AUDUSD. Last week's long (pullback trade) worked out pretty well for me. However, before getting to targets the market decided to make things a little interesting with some up & down bounces. These bounces set up a new selling opportunity now which available in the form of a bearish bat pattern. And to add even more confirmation to the idea, the market has decided to put in a double top. Now as I mentioned earlier I'm still long from last week, so I won't be able to partake as my rules are "stick with your original trade" if you watch the video version of this idea, situations like this offer a cool opportunity to use a technique called a "Stop & Reverse" (SAR) For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 14:10 mark I hope you have a great trading week! Stay Safe! Your Trading Coach - Akil
Short
by Akil_Stokes
3
GBPJPY - BEARISH BAT PATTERN WITH CONTINUATION POTENTIALThe 2nd pair we visited in this weekend's video was the GBPJPY. On the higher timeframe we have recently violated a previous level of structure support which gives me a bearish bias. We also have a potential bearish bat pattern forming to add some confluence to that idea. Most of the time advanced pattern formations form within a period of consolidation, but every once in a while you'll see one like this which comes withing a complex pullback of an overall trending market. In these types of situations, not only does it add confluence to your idea, but it also offers the opportunity to be more aggressive with your target(s). For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 5:50 mark I hope you have a great trading week! Stay Safe! Your Trading Coach - Akil
Short
by Akil_Stokes
4
EURJPY - PULLBACK TRADE TO RETEST PREVIOUS LOWSThe 1st pair that week looked at in this week's video was the EURJPY. From a longer-term perspective, I haven't had too much interest in this pair all year. However, from an intraday view it has given us a lot of good advanced pattern formations during the consolidation. Recently this pair broke out to the downside & ended it's run by violating a previous level of structure support on the Daily/Weekly causing me to make a prediction for a bearish continuation trade. With that being said (look left structure leaves clues) there's another previous level of consolidation lurking so I'm not to sold on an extension. With that being said what I'm looking for is a conservative way to involve myself in a pullback trade (looking for shorts) and looking to get initial targets off at a retest of our recent lows just incase this turns out to be a double bottom hold & not a continuation of the recent downward trend. For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 1:40 mark I hope you have a great trading week! Stay Safe! Your Trading Coach - Akil
Short
by Akil_Stokes
2