Authors Posts by Steve Connell

Steve Connell

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Steve Connell has spent over 17 years working in the finance sector as a trader/market maker and strategist. Over that time he’s worked for several global banks and hedge funds. Steve has a unique insight into a range of financial markets from foreign exchange, commodities to options and futures.

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The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.

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Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.

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If you’d blindly traded the bearish engulfing candle over the past decade, you’d probably have done slightly worse than if you’d traded on a coin flip.

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Trends are all about timing. Time them right you can potentially capture a strong move in the market. Time them wrong and you’re likely to lose money.

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The first step in trend trading is spotting key support and resistances. This post looks at trend trading with support, resistance and confluence lines.

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Trend reversals are often led by double top or double bottom chart patterns. If the reversal fails it can lead to a double top/bottom breakout.

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When a falling wedge pattern appears in a forex chart it hints at bullish sentiment. Like the rising wedge, this pattern is quite common at all time scales.

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Of the triangular patterns found in forex charts, the symmetrical triangle is possibly the most confusing and also the most difficult to trade. But how useful is this chart pattern in practice?

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Rising wedge patterns are extremely common in forex charts and they can be useful at any timeframe. This post explains trade setups for bearish breakouts.

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A descending triangle happens when a currency pair in a downtrend attempts to reverse and makes successively lower highs.