Foundations of Technical Analysis: Identifying Embedded Trends

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In this episode of our bi-weekly webinar on the Foundations of Technical Analysis we discuss how to identify various degrees of trend using embedded formations to construct a trade setup. Simplicity is key and knowing where price is trading with respect to the broader technical outlook is critical to identify where to operate on a given setup.

Topics Discussed:

• Identifying basic trendline / pitchforks
• Inflections slope lines
• Price divergences across related assets
• Various degrees of trend & embedded formations
• Review of actual trade setups across the majors
• Trading Q&A Session

Why does the average trader lose? Avoid these Mistakes in your trading

A review of our latest setups in DXY, NZD/USD, AUD/USD, EUR/USD and Gold that highlight live examples of how we utilize our technical approach to translate an idea, into an actionable trade.

• Gold Price Outlook: Recovery Testing Resistance at Prior Support
• NZD/USD Price Outlook: Kiwi Rally Approaching Breakout Targets
• AUD/USD Price Outlook: Aussie Breakout Stalls Ahead of Resistance

Join us for the next Foundations of Technical Analysis Q&A webinar on Friday December 14th at 10am EDT- Register Now!

Previous Foundations of Technical Analysis Episodes

• Trading Psychology
• Seeing the Forest from the Trees
• Constructing a Trade Setup Part 2
• Constructing a Trade Setup Part 1
• Sticking to the Strategy
• Examining Near-term Price Action

Send requests on topics for upcoming Foundations of Technical Analysis webinars to mboutros@dailyfx.com.

Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!

- Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex or contact him at mboutros@dailyfx.com