The backbone of most black box trading systems, computerised trading as well as the most successful trading strategies depend on trend actions and chart patterns. With an understanding of trend lines, channels, support, resistance, triangles, and reversals, you have a basic foundation that can be applied to unique technical patterns.

Knowing which assets to trade is only half the battle; picking the right time and identifying the most opportune setups is your next challenge. Trading opportunities, or trade setups, generally fall into four broad categories: continuation, reversal, breakout and range-bound. Each presents opportunity if you are able to identify the setup, and have strategies for capitalising on it. In this class, we will learn how to take advantage of the most popular technical setups and identify trend patterns. Trading with the trend is successful, and it is also that a trader will be able to spot when a trend is potentially ending, and a new one beginning.

Knowing a number of ways to handle retracements continuation, reversal, breakout and continuation setups provides you with tools to handle nearly every market condition you’ll face. Keep in mind that these setups are not mutually exclusive; understanding the nature of trends will help you notice when a range is forming, and knowing about breakouts can make you more aware of the implications of a trading within a range. The price action of a stock is always the most critical element of analysis and trading, but when price action is unclear, indicators can help you make a decision.

Trading binary options may result in the loss of your deposited funds. Please ensure that you fully understand the risks or seek independent advice if necessary.

ETX Capital provides an execution-only service and therefore any market analysis, opinion, commentary or other information which is provided during this webinar is for educational purposes only and is not intended to be a personal recommendation or construed as advice.