Tutorial: .786 trend continuation strategy (How to trade forex)

"what we expect this Market to do is to go up further before it comes down and breaks below this most previous swing low"

"after we get a break above close above the most previous resistance level right here after we get a break above close Above This level we take a Fibonacci retracement from our swing low right here up to the highest swing high before the market starts to retrace and all we do is wait for a 786 retracement"

"because we expect the market to continue bullish before breaking below this swing low so what that means is if we wait for a 786 retracement we can put our targets back up at previous structure because we expect the continuation of the bullish Trend and we can put stops down here below the most previous swing low"

"here is our previous resistance level we obviously break above and close above it right here since we broke above and closed above that level what I would do is if this Market had not already played out if this was all to the left and I had no right end my chart what I would do in this situation is take a Fibonacci retracement from swing low to swing high and wait for the 786 retracement right here and as we can see the market WRA rallied before ever getting close to the 786 which is fine that will happen a lot"

"we get another break above close Above This previous resistance level right here on this candle we break above close Above This level so what I would do is take a Fibonacci retracement from this swing low the most previous swing low here up to the swing high before we start to retrace and as you can see we came down here to the 786 would have been filled on this order and we would have hit targets there coming up to this previous resistance level"

"and then we have broke through this support level this support level and this support level what that tells me is bearish rotation now that we've broke down below these support levels I'm in a bearish trend m mindset with that being the case I'm going to now take a Fibonacci retracement from this swing High down to the swing low and look for my same 786 retracement as you can see would have been filled here and this is a trade we actually took advantage of"

"pretty much all we're doing here is w waiting for a break Below close below of the previous structure and then putting a limit order at the 786 Fibonacci retracement a stop loss above your previous swing high and profit targets at the lowest body of the previous swing low and there we go we're filled"

"we've come up into our 786 retracement here and immediately turned around we've now made it about halfway to targets"

"we've gotten within about five Pips of our targets here and when we get down here within three Pips I'm going to move stop losses to break even so that we can be in a risk free trade and hopefully we'll see this Market continue down"

"so now we've got within three Pips of our profit here what I'm going to do is take my stop loss bring it down here to break even and take all the risk off the table on this trade so this is now a risk-free trade"

"and here we are within one pip of hitting targets just waiting for it to press a little bit lower so we can get out of here with some money in the bank and there we go guys targets filled"