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YTC PAT Vol 3 P203

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595 views1 page

YTC PAT Vol 3 P203

w

Uploaded by

Garo Ohanoglu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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YourTradingCoach presents…YTC Price Action Trader

Weakness on the pullback – the expectation is for a breakout pullback and


continuation.

Just a reminder – S/R levels are not a single price level, but an area. Looking left to prior price
action, the 1.5395 level is actually an area within the range 1.5393 – 1.5402.

Step 5 – Visualise Future Price Action

My expectation then is for strength to continue through to above 1.5402. Any failure to breach
the level will invalidate the premise and require reassessment.

Step 6 – Identify Areas of Trade Opportunity

Weakness through the breakout area will provide a BOF setup, allowing us to trade a failure of
the resistance level short.

Strength through the breakout area with a weaker pullback will provide a BPB opportunity
trading the first pullback after the breakout.

Figure 5.72 – Example 7 – Expectations for Future Trend Direction

© Copyright 2010. Lance Beggs, www.YourTradingCoach.com. All Rights Reserved 203


http://www.YourTradingCoach.com

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