Hello Friends, happy new week. NZDCHF's dominant trend on the HTF is downward so here on the 4hr timeframe, a reversal setup (what you have on this chart is the most simplified form of whychoff) has been printed to potentially continue the Overall bearish Trend that the market has been in Since... I'd be applying my entry/confirmation model within the red and blue marked zone if I find it... it will put probability on my side... Isn't that what we want as traders? to put probability on our side?? Note how its a reversal setup but we are aiming to continue the overall dominant trend... Focus your energy more on continuing the trend rather than trying to reverse it... you'd be right 99% of the time .. the only 1 time you'd be wrong is when the market finally reverses.. but if you're always on the side of reversal.. you'd be wrong 99 times and only right the 1 time that the market is ready to reverse... Your choice... chow
