DislikedPetar, what would be example(s) of failed test? Does it really change market maker intention to move price in a certain direction? Thank you.Ignored
The failed test is when there is no reaction after the test bar or when there is a high volume on the test. The test should be on a low volume and we need to see action after few bars to confirm the successful test.
I found interesting opportunities on EUR/JPY and EUR/GBP.
I will post first EUR/JPY. This currency pair is in strong downward momentum and I found a classic bearish flat pattern and successful breakout. Also, there is decreasing in volume on the upward leg, which is a sign that buyers don't have power for a larger correction.
SL 35 PIPS and TP is set at 110.90 (150 pips)
"Buy on fear, sell on greed !!!