Al Brooks Trading Price Action Reversals Pdf Online Reading


So when that ends and price resumes in the original uptrend direction then that is called a continuation. The chart below makes this concept a bit more clearer:

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I saw a shooting star so I took another short trade.  Obviously, you can see how the price reacted to the trendline by forming a shooting star. That was enough signal for me to short this pair.

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I switched to the 6hr timeframe and waited for price to come and hit the confluence zone and saw a shooting star, a bearish reversal Candlestick pattern (also sometimes called a bearish pin bar). That was my clue to execute a short trade right there.

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Seriously ladies and gentlemen, my trader friends and faithful forextradingstrategies9u fans , there are forex websites selling price action trading courses  and guess what?

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But real challenge for many traders is that when a setup is happening, they will most likely second guess it because this is how its going to look:

I just stood there and watched helplessly. After what seemed like an eternity, the trade was closed by broker at the worst possible price  way-way-way- down below!

When you have price moving across time due to supply and demand, then this creates trends. This section is a discussion about trends, how they form and how many types of trends and what kind of structure trends have.

The website contents are only for educational purposes. All trades are random examples selected to present the trading setups and are not real trades. All trademarks belong to their respective owners. We are not registered with any regulating body that allows us to give financial and investment advice.

For those that love moving averages, what you can do is to look reversal candlesticks as price starts to go back to touch the moving average lines and these are used as your confirmation signal to buy or sell.

Price is value given to a particular instrument usually in monetary terms and its value is dependent on supply and demand.



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