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Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Many traders lose money in complicated market situations. I don’t like investing my money when the market direction is uncertain and that’s why I love trading with the continuation patterns on the trending markets. In this video I show you a simple, automatic and fast way to identify the best continuation patterns to select the best possible trades. Since I have little time available during the day I use a reliable online software: Forex Trendy. Thanks to Forex Trendy I can find the best continuation patterns that are formed on 34 Forex Pairs on each time frame. You will find every time frame for each trading style, whether you are a scalper, a swing trader or a day trader, it doesn’t matter. You will find in Forex Trendy a very valid ally for your trading system. Not only will you receive excellent quality signals but you can count on a powerful algorithm that can identify patterns even where the human eye would fail!Obviously Forex Trendy is not a magical tool, it won’t make you rich overnight, you’ll have to apply yourself consistently day after day. In fact, it is an indispensable tool that every trader must have, to avoid blunders due to haste, fatigue and emotion.
a nice profitable trade here on the four hour time frames on forex trendy watch the link until the end because i’m gonna explain you a few things about this forex transcon hello everybody welcome back to another forex trendy episode today i’m going to show you which opportunities you can find on forex trendy uh in particular on the four hour time frame if you don’t know first trendy it’s a forex trend scanner that helps you find the best trending pairs and there are continuation patterns like flag triangle and wedges before starting subscribe don’t forget to visit my website forexasper.net you will find a lot of use useful information for your trading activity leave a like leave a comment let me know what you think about this video so which videos you want me to make for you um i’m gonna make other tutorials if you want about i don’t know continuation of patterns and so on so um i’m gonna analyze four or five trades uh even if you see the more of them but those are still running trades and i can’t show them because this is a paid membership i’m gonna show you the completed one so the first trade is the euro and the swiss you have flag by signal break at zero seven thirteen
um this was a failure as you can see because the price continued to go down it’s downtrend pretty strong uh so it’s very important to set a stop loss because of course you’re gonna win trades by you’re gonna find the losers too okay but it’s very important for you to know uh i have reliability on medium if you go on highest you’ll find only the best signals
british pound and as we see we have flags sell signal back at 26 54. so the breakout was pretty good then we have a retracement retesting the trend line the previous high around 26.96 and then fall down to 22.88 so a very nice trade for the four-hour time frame nice nice downward movement you can profit on this nice price action movement here australian dollar and the canadian dollar so
price action was a little bit uh
too much for me according to my rules i don’t trade at four hour time frames but for example on the smaller time frame i would never have trade this uh signal why because this uh high is higher than the previous one so it’s not a good signal for a continuation you know because it’s just beyond okay the temp 100 retracement but uh we have been lucky so after the breakout at 92 35 the price retest again 92.50 okay and then fell down uh reaching the 91.4 so now looks like we have a higher lows here so it may happen that the price will go up but of course it’s not forecast let’s jump to the usd sac nice trade very nice one okay i don’t see the complete chart here on the left but it looks like a nice uptrend here than the retracement uh the price is stalling and finding a very strong support at 80 50 94. the breakout was pretty strong okay no retest not everything just a little bit of retest here at
74.46 and then continue to go up so nice upfront here reaching the 9.0341 so a very nice trade a huge one remember when you’re trading the um exotic pairs you will find the bigger spreads so it’s up to your broker and you need a specific strategy for exotic pairs
this trade is still in progress so it’s no worse to mention or to analyze i will analyze it in the next videos those are trees too are still in progress
so for today’s everything leave a comment below let me know what you think let me know if you are using forex trendy on the higher time frames i’m treating the uh smaller ones like five minute charts i am the trader so stay tuned see you soon bye