Al brooks scalping forex
This is his analysis for Tuesday, May 22, 2018. Bar 1 – 1 breakout above yesterday possible triangle, trend al brooks scalping forex up, but small bull bar just below resistance at high of last week.
Bar 2 – Fail, failure breakout high of yesterday and high of last week, three-day wedge top, higher high major trend reversal, but doji, limit order market, sellers scaling in above, buyers below, both scalping. Bar 10 – Possible second leg trap in a trading range but bear bar, sellers above or probably sellers at the high of the bar scaling in higher. More bar-by-bar analysis, daily webinar and trading course info can be found here and also here. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend. Whilst economic data and other global news events are the catalysts for price movement in a market, we don’t need to analyze them to trade the market successfully.