Confirmation tactic #2 [plus bonus setup]

Okay, in the previous video, we talked about a confirmation tactic, which is the use of N A’s on trading the 123 patterns. So here we have, as you can see on this chart, this is a daily chart of the pound, we had a 123, bottom over here, and we’re had a 123. Bottom here more recently, in March. Now, we talked about that moving average scenario, right, so we can see that we had at 123 Bottom format structure, which is a high probability setup. But notice that these moving averages are still spread apart or still spread apart here, that’s indicating that the trend is still strong. So we would want to typically avoid that trade. So that was confirmation tactic one now let me show you confirmation tactic two, it’s probably not going to surprise you the use of basic trendline analysis. Basic trendline analysis essentially kept us into buying into this resistance here where the market then sold off. And one may say, Well, this is hindsight here, you connected it to this high, and the eye is actually we connected these three points here. So when Trent when, when we broke these lows here, we were able to draw a trendline. And we connected a series of three lower highs high, high high, so that gives us a valid trendline. You can see that that did end up holding here ended up holding here again now, last week, we did finally break that trendline we broke that trendline coming here into major key level support. And we’re also now getting bullish divergence signals. So we will be looking to start nibbling into the pound the long positions here and again, this same analysis applies on any market or any timeframe to help put the odds in our favor. So also consider the use of basic trendline analysis when trading these high probability patterns. Now I’m going to be hosting free presentation on Wednesday, April 20, at 8pm Eastern three point price action forming to spot market reversals. I’m gonna teach you that exact strategy that we just looked at there on the pound. This is a bread and butter go to price action mechanical strategy for any market any timeframe. I’m gonna hyperlink you to this page. So you get it just click the orange button and I look forward to seeing you there.