Price Hits Level Twice: Limited Player Alert!
43sThe concept of a 'limited player' at a key level is mysterious and intriguing, making viewers want to learn more about this trading edge.
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[00:01] make money on them. Four-hour time frame. We need a strong level. We see a long approach and a reversal. Gorgeous. This is just the beginning. Continue carefully. The price is approaching this level again. What do we want
[00:14] to see here? Well, of course, a reaction to this level, since the price can either show us a rebound or simply break through this [music] level and fly somewhere further. Remove all stop losses if you enter a trade early. And that's where it all
[00:27] ends. Therefore, we look closely further, namely, how the price works out the level. That [music] is where we see a clear touch at the same level, that is, penny for penny, arrival and rebound. All. So, there is
[00:42] probably some limited player here, maybe a whole group of them. And this already gives us the opportunity to begin opening a position, taking into account, of course, how exactly the [music] price bounced off, that is, what candlestick formations we received.
[00:57] what candlestick formations we received. Everything is clear here. We have a long approach candle. The pin above shows that the price was quickly pushed down. And what’s important is that the next candle completely absorbed it . This is called an engulfing pattern. A
[01:11] good sign of reaction to the level. But there is no need to rush any further. We definitely wait for the closing of both one candle and the second red one. And only after the next candle has begun to form can we
[01:24] open a short position. There is one trick here too. It's better to wait for another candle to open. And then we can safely hide our stop loss behind the previous candle. This will be a shorter stop loss. Since we are on a
[01:39] four-hour time frame, each four-hour candle contains an entire trend on five minutes, so the stop-loss can be hidden even behind a candle. Further, the ratio of 1 to TM for the four-hour time frame is the ideal golden
[01:52] mean. And we calmly take our profits. Subscribe. Let's learn profits. Subscribe. Let's learn trading and make money together.
