Baby charts

Hi,
here on babypips.com there are some great threads that really help novice traders get on the right path, I’m thinking primarily of the technical templates thread but there are others, and it’s those threads that have inspired me to try and get involved more in this site.

In the babypips school here Chart Patterns Schmatterns | Important Chart Patterns | Learn Forex Trading is a very important section on chart patterns. What I’d like to do, and all are welcome to join in, is start posting some real currency charts with these patterns identified on them so that people can start looking for themselves and make the transition from theory to reality a little easier.

I hope giving people a little helping hand like this with trend lines and channels and all the other patterns that we can find will give some support to those keen on learning technical analysis, anyway nothing ventured nothing gained as they say…

I hope you’ll participate :wink:

Although I don’t use MT4 to trade I will use it here as many people do use it.

Here’s some examples of what I’ll be looking to post:

Todays USDCHF giving us a massive bearside breakout from a bearish channel or triangle consolidation whichever way you look at it :slight_smile:

Here’s the EURCHF coming back to close a gap in the market from the weekend.

… anyway that’s the general idea…

Nice thread!

Here’s a chart of eurusd.

Check out my funky template hehehe

Bullish pennant on eurusd?


Nice one monstapips, I would have had it as a triangle pattern but that doesn’t matter the important thing is trying to make sense of these squiggly lines lol!

Great breakout hope you got in on it…

Unfortunately I did not :frowning:

For some reason, I didn’t consider trading it, although all the signs were there. I guess I felt that there wasn’t any “catalyst” for it. Boy, did I miss out.

Well certainly don’t feel bad, the price will always come back and you’ll get a chance to catch another wave :slight_smile:

If I counted all the missed trades I didn’t make in a day I’d make myself very depressed, let it go but understand what sentiment the market has shown, in this case and pretty much across the board the market is shorting $'s.

My thoughts on EURGBP.



it looks like a range is forming on AU.

gonna look to buy at the bottom, sell at the top.


Triangle pattern also on the Aussie:

Really hope you got a short order filled at those range highs monsta! :smiley:

… dropped like a stone back to parity… nice :stuck_out_tongue:

Price breaks coming late in the European session. Euro finally dropping through PWL & YL.

GBYJPY breaking down out of a range squeezed up against it’s PWH, Guppy not ready to move higher just yet, could find support round the 132.30 -132.00.

USDCHF being squeezed like toothpaste out the end of this triangle pattern.

A day of being patient for me until the recognised patterns gave up their gold.

For the moment price respecting this channel, Sterling news @9.30 gmt.

USDCHF in another squeeze around parity.

USDCHF broke the trend line and dropped around 100pips.

The selling of $'s today before NFP friday has modified my bias.

USDCAD plummeting towards a major support.