Hey hey, what’s up my friend!
Before I get to this week’s video, here are a couple of training videos on how to trade chart patterns.
You’re probably thinking…
“But those are common chart patterns and I already know them.”
True.
Those are common chart patterns but…
The way I trade it is vastly DIFFERENT to how trading textbooks and courses teach.
And I’m sure you’ll learn new trading strategies and techniques not seen elsewhere.
So, click below to get started now…
Double Top: How to Short the Absolute High with Low Risk
Moving on…
In this week’s market analysis, you’ll learn:
- IGNORE what the news, media, and analysts are saying. Everything you need to know about the markets now lies in this 10 MUST-SEE charts…
- I’m bullish and bearish on this currency at the same time. Here’s why…
- Stock market: Is this an impending crash or correction?
You ready?
Then go watch this week’s video below…
I hope you’ve enjoyed this week’s analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?
In the Ultimate Guide to Trend Following, I will teach you this powerful trading strategy step by step, along with charts and examples.
You can download it here for FREE.
Hi Teo from Fabrizio. First of all my compliments for interesting analisys! 2 small questions:
– when you speak of 200 Moving average under or above prices (downtrend or uptrend) do you refer ALWAYS at daily Timeframe? Or should we see other timeframes for this concept ?
– What do you think of Autochartist ? Link is:
https://www.autochartist.com/
Thank you very much and my best regards from Italy
Hey Fabrizio
Yes, I use the 200 MA to get my trend bias on the daily timeframe.
I’ve not used it before.
Thank you Raynor for this weeks report
Welcome!
Base on Candle chart reversal pattern. (Day TF) 16/03: Broke of Uptrend line since 2017 Dec, which breaks the mth – mth uptrend (Dec-Feb)
Price consolidation (Jan- Mar) form a HnS. Broke of H&S neckline on 20/03.
Price formed a lower low on 21/03 as compared to last month low, which changes the week to week trend to DOWN.
Price went back to retest Uptrend line on 26/03 which hit pt 4 @0.7300 before WnR triggered on 28/03 & 29/03 on H4 TF. Price formed a Desending Triangle pattern (Day TF)
With major support at the DownTrend line (0.7200 – 0.7180) range. Price also forming LH/LL on a week-week basis. A firm Day close below the DownTrend line will open door for more Bearish movement.
My analysis was pretty much same in terms of the descending triangle.
But this week price broke above the TL of the descending triangle.
Rayner, anything to say about this failed trade here?
And what could have been improved to validate the success of a Descending triangle pattern??
Like using any Trend / oscillator indicators ?
Which market are you referring to?