speaking. Much better than the monstrosity above! If indecision does not form on or near to the area of support and resistance, it is not a valid reversal setup. It takes time and effort to build your own trading strategy or to adapt an existing one to your trading needs and style. The indecision candles need to form on or near to the support and resistance area. If you have more than 8 you probably placed too many. Giving a pattern a set definition leads to tunnel vision.
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There is a simple trick to determining whether or not price will continue in the direction of the breakout, and you must know it in order to profit from these situations. In a bearish preceding trend it indicates that sellers are losing control and buyers may be gaining control. In my course, I expand on this strategy, and I also share different price action strategies. In the image below you see a preceding trend heading into support, indecision, and a failed reversal trend. These two techniques make up the core of my price action trading strategy. Dont worry if you see a little more or less than one year, its not a big deal. Additionally, a trading strategy may contain some eur inr currency news money management rules or guidelines. At the end of a trend, there is usually some price volatility as the new trend tries to establish itself. Traditionally, day trading is done by professional traders, such as specialists or market makers. Its simply about reading price and making smart trading decisions. Price Action, strategy, my, forex price action strategy was born in 2005 and has been constantly improved over the last 12 years this strategy has seen it all.