Resistance Turned Support Strategy For Beginners (step by step guide)

"if you want a full really detailed breakdown of the strategy do me a favor leave me a comment and let me know also click that like button this video gets 2 000 likes then i'll upload a complete version very detailed of this strategy"

"If you want a full detailed breakdown of this including stops and targets leave me a comment and click that like button we'll see if we can't get that recorded for you next week"

"I call this the c-a-h pattern. There's a c-a-h and a c-b-l. The c-a-h is the bullish version of this pattern and all it stands for is a close above high."

"What I need to see for an accurate and valid cah pattern is a close above that high directly after it so I need to see that high created I need that next candle to be higher the close of it to be higher than the high of the previous candle that is a close above high candle or a c-a-h candle."

"The cbl or close below low candlesticks."

"What we want to see then is a candle that closes below the low of the previous candle."

"We're waiting on the break of the 50 ema. It's going to be a reversal strategy. We want to see the break of that ema whether it be to the up or to the downside."

"Once we get a break of that 50 ema, we want to see the first pullback. The first pull the pullback itself rules r needs to be at least two red candles for a bullish version of this strategy."

"And then we want to see our close above candle. That's exactly what the strategy that went into this trade and the Canada yen trade all right."

"So what we'd be looking at here on the pound yen yet again is the cross of the 50 ema telling us we have a possible reversal. The cross to the downside since we're looking at a bearish version of this strategy we want to see a pullback of at least a couple of candles."

"And then we want to see a close below candle or a close below low cbl close below the low of the previous candle."

"I like 1.4 to 1.5 risk rewards on most of my trades."