Breakout, Pullback, Continuation Pattern

I would like to share an effective way of trading. It is simple and very profitable with excellent risk reward ratio. It is trading using Trendlines & Chart patterns. I focuses on QUALITY trades, NOT QUANTITY. Less trades but quality trades is the best way of trading.





1st: You need to identify channel.
2nd: Look for a breakout.
3rd: Look for a pullback testing the trendline.
4th: Enter the trade after the pullback, and put the stop loss 5 pips behind the pullback.
5th: Profit target – Calculate the size of the channel

Comments

  1. Juliana petar22 September 2021 at 02:47

    The Original Forex Trading System: everfx login Is The Original Forex Trading System. It Is 100% Automated And Provides An Easy-to-follow Trading System. You Get Access To Real-time Signals, Proven Methods, And A Money-back Guarantee.

    ReplyDelete

Post a Comment

Popular posts from this blog

Italian stocks lead Europe as budget deficit fears quelled

LONDON (Reuters) - Italian stocks turned from a drag into a boost for European markets on Wednesday as signs the government would target a lower budget deficit quelled investors’ fears of a damaging showdown with the European Commission. Italian bank stocks jumped as much as 3 percent after government bond yields fell back and the spread to Bunds narrowed thanks to reports the government was targeting a lower budget deficit in 2020 and 2021. Still in the thrall of developments on the Italian front, the leading euro zone stocks index and the pan-European STOXX 600 climbed 0.3 percent with bank stocks the best-performing, up 0.8 percent. Italy’s FTSE MIB outperformed, up 0.5 percent with the banks index last trading up 0.7 percent. Unicredit and Intesa Sanpaolo were among the top gainers, up 2.6 percent each, while Mediobanca, UBI Banca, and Banco BPM also rose as much as 5 percent. Banks, which have large sovereign bond holdings, suffer the most from selloffs in the bond mark...
Read more

Greece was not ready for euro admits ex Bundesbank head

Image
Greece should not have joined the euro, a former head of the German central bank, who was central to eurozone policymaking at the time, has said. But Ernst Welteke, who was Bundesbank president from 1999-2004, told the BBC that none of the eurozone's problems would be solved if Greece left. He added there should be greater transfer of wealth from richer parts of the eurozone to poorer parts. He said he was confident measures were in place to ensure the euro's survival. "The euro is not in as big a danger as is often recorded," Mr Welteke told Business Daily on the BBC's World Service. "The euro has been stable [for] 10 years, inside and outside the European Monetary Union (EMU)." Strong union He said that, in hindsight, it was clear that Greece was not ready for the euro. "We can say that Greece should not have joined the EMU, but that doesn't help." He sai...
Read more

China launches two more Beidou navigation satellites

Image
China has moved a step closer to completing its own navigation and positioning satellite network with the launch of two more navigation satellites. It brings the Beidou system, which became operational with coverage of China last December, to 13 satellites. To have global coverage, the country eventually aims to have 35 satellites in orbit by 2020. China hopes that Beidou will wean it off the US Global Positioning System. Just like GPS, the Chinese system is designed to let users determine their positions to within a few meters. Beidou, also known as Compass, has been developed for both military and civilian uses. The two satellites went up on Monday morning from the Xichang Satellite Launch Centre in southwest Sichuan province. They were carried on a Long March-3B rocket, according to the state-run Xinhua news agency. "The two satellites will help improve the accuracy of the Beidou, or Compass syste...
Read more