UNDERSTANDING TREND CONTINUATION PATTERNS Education

Canadian Dollar/Swiss FrancFXCM

Description

⋅ Jun 12, 2017 6:32 PM

HI EVERYONE.

- THE ABOVE PATTERNS ARE THE COMMON "TREND CONTINUATION PATTERNS"

- THEY USUALLY FORM AFTER AN IMPULSE

- THESE CORRECTIONS ALLOW US TO GET INTO THE MARKET TO CATCH THE NEXT IMPULSE

- IDENTIFYING AND UNDERSTANDING THESE PATTERNS GIVE US AN EDGE TO TRADE SUCCESSFULLY

- IF YOU WANT TO UNDERSTAND MORE ABOUT THESE PATTERNS, REFER TO A BOOK CALLED "TRADING CLASSIC CHART PATTERNS" BY THOMAS N. BULKOWSKI

Comment

⋅ Jun 12, 2017 6:33 PM

TO UNDERSTAND MORE ABOUT IMPULSE AND CORRECTION CONCEPT, PLEASE SEE MY PREVIOUS POST:

Comments

MehrHasnain

⋅ Jun 16, 2017 4:15 AM

I Think that the Rising channel is trend reversal channel

AlanTradesFX

⋅ Jun 16, 2017 4:46 AM

@MehrHasnain, No. Rising Channel (in up trend) or Falling Channel (in down trend) are continuation formations and they form in the beginning of the trend after the first impulse.
Trend Reversal Channel is a reversal formation which form at the end of the trend (either up trend or down trend).
You can see the examples below. It takes time and experience to identify these 2 from each other but it is not difficult if you practice.

MehrHasnain

⋅ Jun 16, 2017 4:50 AM

@senejani.ali, thanks sir for good information

KfxInvestmentHoldings

⋅ Jun 13, 2017 4:32 PM

Classic information ... Thanks buddy