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Trencontinuation

NZDUSD > How To Buy and At What Level?Analysis on #NZDUSD After the FED decision yesterday, the market is at risk On mode, and we can expect this to continue to the upside but for me still early to start looking for a buy NZDUSD . as you can see the market failed to make a new low and formed a double bottom, so know I am waiting for a break above the neckline to start looking for a trend continuation pattern to the upside like and comment will be highly appreciated, thank you so much for your support. Check today analysis below⠀
by TheTradersAvenue
6
NZDUSD > Trend Continuation Setup Coming Soon!!Friends I am overwhelmed by your generosity, thanks for the likes and comments, thank you for being so giving and kind, not many people have the virtue of generosity. Analysis on #NZDUSD Looking at the NZDUSD and seeing how it broke its very key support level at 0.6900 now I can expect this level to turn to resistance. So, the plan is if the market comes to test the previous support level now turned to a resistance I can then look for sell reason for trend continuation setup. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
Short
by TheTradersAvenue
3
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 .9651 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ .9556. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ .9659, and my target @ .9437. 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
GBPNZD > On-Demand Long Entry!!Analysis of #GBPNZD If you follow the horizontal line I draw you will see how important is the 2.000 for this pair, so the plan is to look for trend continuation opportunity on the ower time frame. -Friends👋 if you do appreciate my analysis and you think it is bringing value to you, kindly support me by leaving a comment and like my idea 😉 ⠀ Check today analysis below⠀ _____________________________________________________________________________⠀ -DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀ -⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Long
by TheTradersAvenue
2
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
Trend Continuation Trade AUDJPYHey guys, today i want to bring you some pure technical analysis. As you can see on the chart above, i've written down some simple rules. As a trend continuation trader you want to follow the major trend: in order to do so having the big picture is key. The break of structure you see here is in fact a multitimeframe break of structure, since we've also broken the daily resistance (black line). Being the case, i know the overall condition of this pair is in accordance with my trading timeframe bias: and that's always a good sign. As you may already know, also having a nice risk to reward ratio is key to trading, that's way you should expect price to come to you instead of rushing in order to buy as soon as price accomplish to install new highs. The box you see on the chart is actually a visual representation of the zone where i'm interested in buying the market, knowing that i'm going to have a positive RR. Now, if i put an order at the retracement of every break of structure i see i'd defintely go broke in matter of days. Like i said earlier, don't be in a rush. When price action comes to you, then you should wait for a confirmation of your predetermined bias. You need to have an entry technique so that you can have an edge on the market and you can see how this edge has worked in the recent past. You can use whatever you wan to use, engulfing kickers, double top/bottoms, higher high higher close candles, as long as you're consistent with your strategy and you've proven to yourself it is actually profitable. Take your time, find the best entry technique that suits you and then test it! It's the first step in order to become a succesful trader and you can't miss it. Hope you get something out of this. I'll keep you updated on this trade. If you have any question, feel free to comment below. Otherwise, see you in the next chart! Think wise.
Long
by Roker1