Let me ask you…
Would you like to be able to “predict” market turning points — and spot trading opportunities with low risk and huge returns?
Well, nothing works all the time.
But the technique I’m about to show you works well for me.
Here’s how…
- Wait for the price to reach key market structure on the higher timeframe (like Support & Resistance, Trendline, etc.)
- Wait for the trending move to get “weak” by having smaller bodied candles
- Wait for the retracement move to get “strong” by having larger bodied candles
- Enter on the break of structure
Let me give you an example…
NZD/CAD Daily:
On the Daily timeframe, the price is at Resistance area and has a confluence of a downward Trendline.
The price could reverse lower so let’s look for a shorting opportunity on the lower timeframe.
NZD/CAD 8-hour:
On the 8-hour timeframe, the selling pressure is coming in as you notice the candles of the retracement moves getting bigger (a sign of strength from the sellers).
Also, the buying pressure is getting weak as the candles of the trending move get smaller.
One possible entry technique is to go short when the price breaks and close below Support.
I know this can be complex for new traders, so here’s another example…
NZD/USD Daily:
On the Daily timeframe, the price is at previous Support turned Resistance.
The price could reverse lower so let’s look for a shorting opportunity on the lower timeframe.
NZD/USD 4-hour:
On the 4-hour timeframe, the selling pressure is getting stronger as the candles of the retracement move get larger.
Also, the buying pressure is getting weak as the candles of the trending move get smaller.
If you want to trade this setup, you could go short on the break of Support.
This is powerful stuff, right? what do u think ? please comment below about ur views and for more strartegies join our shree ram traders family now …!!! 🙂