eurjpy 5 min pattern break with dominant pressure text book example:
Understanding Price Action by Bob Volman (notes and examples)
- #44
- Edited 12:53pm Sep 24, 2019 12:35pm | Edited 12:53pm
patter break combi sell usdjpy
the setup:
1- in the early stage pattern break in bull side but the market unable to follow though
2- price keep moving in tide span around one hour until the pattern line depicted
3- false high (toppling tails) caused more tension in the buildup
4- squeeze variant, price kept between resistance line and pattern line which lead to double pressure
5- Three arches inside the buildup it need careful eye to be detected
6- small combi bar closing near the bottom of power bar once this bar taken from below we should enter
for more information about similar setup see the book figure 5.11.
the setup:
1- in the early stage pattern break in bull side but the market unable to follow though
2- price keep moving in tide span around one hour until the pattern line depicted
3- false high (toppling tails) caused more tension in the buildup
4- squeeze variant, price kept between resistance line and pattern line which lead to double pressure
5- Three arches inside the buildup it need careful eye to be detected
6- small combi bar closing near the bottom of power bar once this bar taken from below we should enter
for more information about similar setup see the book figure 5.11.
pullback reversal in usdcad sell trade:
1- false break in bull side
2- extension pattern line show toppling tails which send the market down no bull in the sell
3- market retrace to pattern line forming reversal pattern line with proper buildup
4- inside bar variant followed by false high to the combi bar
5- I entered short once the price passed the combi bar
similar setup it can be found in the book for more information read figure 5.14
1- false break in bull side
2- extension pattern line show toppling tails which send the market down no bull in the sell
3- market retrace to pattern line forming reversal pattern line with proper buildup
4- inside bar variant followed by false high to the combi bar
5- I entered short once the price passed the combi bar
similar setup it can be found in the book for more information read figure 5.14
- #46
- Edited 9:35am Sep 25, 2019 8:45am | Edited 9:35am
Pattern break combi buy setup in usdjpy
1- range progression price kept in range
2- we have tease break in bull side
3- price keep bushing up and down until forming pattern line
4- proper buildup increase the tension below the pattern line
5- squeeze between pattern line and 25ema fattened the buildup which lead to double pressure
6- round number 107.500 magnet in the way to target
1- range progression price kept in range
2- we have tease break in bull side
3- price keep bushing up and down until forming pattern line
4- proper buildup increase the tension below the pattern line
5- squeeze between pattern line and 25ema fattened the buildup which lead to double pressure
6- round number 107.500 magnet in the way to target
