forextamil
Education

EDUCATION: SHORT,MEDIUM AND LONG TERM TRADES ON PATTERN FORMS.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello fellows,

Last week I got a query from one of my followers.

"I had been looking at your Posts for a while now, and they are working pretty Great!

But how can I trade on patterns forms within the patterns?"

Thanks, man for asking a good question.

I'm making this education post in order to answer your question.
And I hope this post will give you the clarity.

In this post, we will discuss the chance for trade on the pattern forms within the patterns.

Chances are:

Short term.

Medium term.

Long-term.

1.SHORT TERM TRADE SETUP.

For short term trade, the lower degree pattern is the key.

You can BUY/SELL by identifying the lower degree pattern on smaller time frame like 15 minutes for daily ranges.

For instance, flat structure within the bigger which you can see after an impulse.

2.MEDIUM TERM TRADE SETUP.

For medium term trade, look for bigger degree pattern.

You can purchase/ sell by identifying the bigger degree pattern.

And you can trade within that bigger degree pattern for medium-term and that trade setup gonna on 1 Hr or 4Hr time frame and can take up to a couple of days to complete.

3.LONG TERM TRADE SETUP.

Similarly, look for a bigger degree pattern but here the time span differs.

You can purchase/ sell by identifying the bigger degree pattern but that trade setup gonna be for holding position for a longer term and it can take up to a couple of weeks (or) months to complete normally these kinds of traders are being taken by traders on daily time-frame by digging out the lower time-frame at best price.

Jun 28
Comment: Live chart example for your better understanding.

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