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Hey guys welcome back for some more chart analysis practice!
I wanted to go ahead and do my very first Tradingview video and show you guys a very in-depth view on how I analyse the markets, particularly on the EURGBP trend continuation trade that I am involved with. In this video, I show you guys a potential head and shoulders pattern that may be forming, talk about the importance of shifting your analysis when you are wrong, and not being tied to one particular market direction. Enjoy!
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.
Hey guys welcome back for some more chart analysis practice!
I wanted to go ahead and do my very first Tradingview video and show you guys a very in-depth view on how I analyse the markets, particularly on the EURGBP trend continuation trade that I am involved with. In this video, I show you guys a potential head and shoulders pattern that may be forming, talk about the importance of shifting your analysis when you are wrong, and not being tied to one particular market direction. Enjoy!
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.
