Hello everyone, as we all know the market action discounts everything :)
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NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend.
Today's video will be about the Candlestick Chart :...
Just a visual thought especially for beginners although experienced traders please critique. I like to use the MACD for showing the immediate trend, the PAR-SAR for confirmation, stop loss and profit target calculation. Finally a really fast stochastic to signal the entry into that trend. Thoughts? Thanks and profitable trading!
This is a perfect example of a continuation flag entry on EU that was taken earlier this month.
The fact that it was the first flag after a 1hr trend change, as well as also being the first flag out of a descending channel
Means that this was a high probability trade.
This is a perfect example of the Set up that i was looking for yesterday on EJ when i posted the forecast.
At the time of posting the Price action was looking identical however over the next few hours the FLAG failed to form never giving us an entry.
