4 Crazy Price Action Forex Tips That Will Seriously Improve Your Trading!
2. Top Down Analysis is A Critical Step For Price Action Traders
Above: We step down onto our trading time frame and see a bearish candlestick sell signal.
This signal fits the context of the market, and aligns with our higher time frame analysis. An authoritative counter trend signal which builds a very strong case to position against the existing market trend.
If the signal follows through with this bearish pattern, it’s like to be a very extended move, as weekly levels tend to be the starting point for complete trend reversals.