Pete702

Pete702

So I am testing a few techniques here and there since I am introducing a few aspects to my trading style. The whole goal is to see what needs to be removed and what needs to stay in my trading plan.

Pete702

Strategy is simple, we have outlined the key levels and we are anticipating for a SELL on the positions marked only if a rejection pinbar forms on the key level signifying sells. Any other type of candle formation like a spinning top or Doji is not acceptable. This is because if a candle like that forms not signifying a clear rejection of that level then most...

Pete702

Test

Pete702 Updated 

We are in a downtrend though the price seems to have found itself in a range and so it has created a double bottom pattern on the H1 and H4 zone and it has bounced back with momentum meaning the bulls have taken control of the market. Price may break the major resistance/supply zone or reject and move down back to the demand zone.