Trade 1
- Wait for a break of resistance (ceiling).
- Wait for a RETEST (where price closes above the previous level of resistance).
- Once price confirms resistance as a new support (floor), it is safe to enter.
- Price doing this is a SHIFT in MOMENTUM.
Trade 2
- Wait for a break of support (floor).
- Wait for a RETEST (where price closes below the previous level of support).
- Once price confirms support as a new resistance (ceiling), it is safe to enter.
- Price doing this is a continuation of an DOWNtrend.
30 pip TP 1
Trail Stop 2nd Trade
When 10 pips in profit, move SL to Breakeven
- Wait for a break of resistance (ceiling).
- Wait for a RETEST (where price closes above the previous level of resistance).
- Once price confirms resistance as a new support (floor), it is safe to enter.
- Price doing this is a SHIFT in MOMENTUM.
Trade 2
- Wait for a break of support (floor).
- Wait for a RETEST (where price closes below the previous level of support).
- Once price confirms support as a new resistance (ceiling), it is safe to enter.
- Price doing this is a continuation of an DOWNtrend.
30 pip TP 1
Trail Stop 2nd Trade
When 10 pips in profit, move SL to Breakeven