Wammie trade: market reaches extreme low level/zone, the second touch which is higher indicated the market is running out of steam and is ready for a reversal.
Wammie trade set up!
-Market touches support zone twice
-The second touch is higher than the first initial touch
-The market prints a Bullish candlestick on the second touch
-Trade is entered with a buy...
-Daily price has formed a box consolidation between zones 86.1419 (resistance) & 79.7630 (Support)
-Price has touched these zones at least two times on each end (even witnessed a fake out)
-Price has broken out of consolidation area (forming a very unconvincing big shadow candlestick)
For the last kiss strategy to qualify:
-I would expect price to move away from...
-Daily price has formed a box consolidation between zones 86.1419 (resistance) & 79.7630 (Support)
-Price has touched these zones at least two times on each end (even witnessed a fake out)
-Price has broken out of consolidation area (forming a very unconvincing big shadow candlestick)
For the last kiss strategy to qualify:
-I would expect price to move away from...