J.E. Forex Real Life Example of Reversal Trade

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Including second entry on retracement up from initial drop - Wed 26 September 18

  1. Hit the major level of the trendline.
  2. Momentum was overall down on h4 and the bullish h4 candle failed to engulf, so we knew momentum was staying down.
  3. Rejection of the trend line.
  4. For the lower entry we had an m30 bearish engulfing that closed the same time as an h1 shooting star (no downwards wick on either). Then for the second entry we were retracing up a bit, so i took another sell after the m15 shooting star that rejected the 61.8 fib. Done for the day. Anyone who has read the pdf this is exactly how you trade it. TP hit whilst writing this (1hr 200ema)

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