Higher low, lower high system

Possible short now...

although i wont be taking it this is how price typically moves... initial movement... followed by congestion then either reversal or continuation... no secrets here this is what price does.

Lower Highs again... trend continuation coming... get short and hold on.. if this round number goes and a new daily low occurs next round number is potential target.

Otherwise still in congestion of which it wont stay in forever... It will break one way or the other typically in direction of the initial movement.

On edge... gotta love that congestion...

Now just hope it's not a shakeout before the reversal happens

Higher Low... anyone see the price patterns...

That's how you do it.

Possible reversal pattern again... low probability or not... ej moved quite a bit in this session so far.. the further it moves without any sort of pull back the higher the probability of this pattern working... especially if the pattern presents at a support level or round number.

yep - I see the patterns. The LH was clear on your range bar chart whereas there was no LH on my M5 chart. Nice entry just below the RN.

Trading in the direction of the trend is the best way. Reversal Patterns are not good probability.

However they can be very profitable if done at the right time.

Previous Support/RN likely to hold it back.

This is what it looks like on a 15R Bar Chart.

Bottom Reversal Pattern Evident.

Correct me if I'm wrong here.

Most likely going to make it to rn...

However previous support is in this zone.

Done and Done.

+85 Pips Today.

+21% Increase in Equity.

4% Risk Per Trade.

This is how reversal patterns work.

No new lows... then a resistance level finally breaks.

Possible Short Trade setting up here... If we get a lower high here and then a break.

Nope... nothing yet... nice long reversal though

Hitting 50% of daily range and previous resistance... keep an eye out for short opportunities in this area if price action confirms.

Something going to happen soon

Pound is a potentially candidate for a short on this 15R chart.

If it reverses then good chance of a long... one way or the other... intraday trend is down so down it is.

EJ waiting for a lower high to setup.

That's what i called sold a dummy nothing is ever perfect 100% of the time.

When price decides to range you can't do jack !!!