In the following video I’m going to talk about how to trade a market trend by using price action.
In our previous videos that spoke about different trading strategies based on few notches and EMAs.
Now in this video I’m going to talk about price action strategies and how it is based on market trend as well as price psychology.
When I mentioned price psychology is basically based on a specific basic strategy that many learn throughout the trading career.
If we go into a chart, this trading strategy is mostly known as double top.
A double top is for selling and a double bottom would be for buys.
So in this case I will now go I’m going to refer to the double top for the sake of the video.
So that a double top.
We should add a sell order, basically once it reaches the previous high then as soon as it reaches the previous high then you sell into the market.
I’m going to tell you what not to do with this free and big strategy that we all heard about.
We have a breakout and it quickly recovers to the area from the following previous high.
