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
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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
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range rotation reached the target of 180.35
Comments
Js_lsf
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hi sir ,where should we put sl at
stragaw
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for me, if 4h candle close over 188.312
Js_lsf
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Thank q
Victor.Y.F
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Do you guys know markets are running in range and should use harmonic patterns?
bobwff33
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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?
tntsunrise
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yes! you are right!
bobwff33
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Thanks a lot jack!Best regards!
FullTimeTrader
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Interesting, it reminds me a setup called PFT (pressure-fail- trade!!!). Regards.
tntsunrise
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Thanks bro! I will google search the pressure-fail-trade . thanks for sharing.