Educational: BUYER failure and SELLER failure.

FX:GBPJPY   British Pound / Japanese Yen
972 13 50
An explanation of the
BUYER failure and SELLER failure.

Please take note that
we only use this method in range bound
wait for the buyer failure and seller failure
then pull the trigger!
Comment: with the doji candle formed yesterday.
now it is very clear that buyer failed the 2nd attempt to make a new high.
short gbpjpy and the price will rotate to the other side of the range
Trade closed: target reached: range rotation
reached the target of 180.35
To lean Trading like Jack:
Weechat ID: 32114564
hi sir ,where should we put sl at
+1 Reply
stragaw Js_lsf
for me, if 4h candle close over 188.312
Js_lsf stragaw
Thank q
Do you guys know markets are running in range and should use harmonic patterns?
That's a very nice strategy! I've already short USDJPY at 123.34,GBPUSD at 1.5229,I think that will be the same way right?
yes! you are right!
bobwff33 tntsunrise
Thanks a lot jack!Best regards!
Interesting, it reminds me a setup called PFT (pressure-fail- trade!!!). Regards.
tntsunrise FullTimeTrader
Thanks bro! I will google search the pressure-fail-trade . thanks for sharing.
zhege you moshi .
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