#TATip Swing Failure Pattern
Seeing a lot of traders use/abuse this pattern lately, thought I'll put up a small primer.
Index:
i) Premise
ii) Identification
iii) Trading (Entry/Stop)
iv) Miscellaneous
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Update. Although this worked out this time, it wasn't the ideal SFP due to the entry (candle close) being so far away from the swing point that was SFP'd This would be a 0.5R trade, which warrants a pretty high strike rate. For best SFP trades, look for small wicks.pic.twitter.com/GbgXsikVAI
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A SFP could be taken as a swing high? Awesome tips!
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Hi Hsaka sir, i dont really understand ''A wick below/above a low from 3 bars prior and a close above/below is NOT an SFP.'' can you explain it for noobs like me? thank you
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SL at blue line, target in green circle from top to bottom of arrow.
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Interesting. I found this on the daily chart of
$EURUSD; would this qualify as a Bullish Range Fakeout for you? Thanks in advance.pic.twitter.com/dnXmBbIKG4
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