This 1HR Chart Pattern Trading Strategy Would Have Made You Profitable In The Last 30 Days...

"here on the Euros Swiss we absolutely have that we have this level where price has acted as support support resistance resistance support support resistance definitely been tested multiple times price then if I zoom in to make this easier to see comes down creates a double bottom while inside of this Zone meeting all the criteria for our double bottom we then break above our neckline which is where my entry was we pushed up almost got to a 1.4 but not quite and my actual exit for this trade is up here close to our next level of resistance"

"we're going to wait for this first initial swing low to occur we're going to wait for a pullback that then begins to fail by pushing back lower we're going to create a termination Zone zone between the body and the low of that initial low of the double bottom then we're going to wait and see if price eventually comes down and at least touches this area can close inside of it can Wick past it cannot close below it as long as that occurs we have a valid double Bottom already but we're not entering the trade just because of that valid double bottom criteria our entry criteria or at least for me the way I've traded this and seen it to be most profitable is having that entry criteria be when price crosses above the neckline of our double bottom"

"we have price pushing higher what we're waiting on is to see price push higher create a p pullback and then that pullback begin to fail in an uptrend that would look like this as soon as that pullback begins to fail and sellers are no longer in control that's when we want to start looking for a possible double top at the point that the pullback begins to fail as in we start to get a little bit of a push higher I'm going to create that same termination Zone except this time it's going to be between the bodies and the highest point of that initial swing high that we started with before the pullback and failure to continue pushing lower at this point what do you think we're looking for well the opposite is true as to what we had with the double bottom we want to see price at least touch our termination Zone we can see price come up here and close inside of our termination Zone we can even see a wick go past the termination Zone what we do not want to see is price come up here and close all the way above that termination Zone that would be an invalid double top because if we had a close above o this High then chances are we're looking at Trend continuation not a double top and possible reversal so in that case and with that let's go ahead and push the market forward as you can see we're inside of our zone now and after we touch the Zone what's the next step well same criteria for entry right here we're going to be looking at the neckline of this double top we had price push higher we have that push down the failure to continue pushing down that is going to be our neckline the lowest point of that for this double top scenario and this for me at least is where I would be putting a sell stop order"

"throughout all of 2023 these were the results I'll go ahead and scroll back so you can see my testing again red lines are losses green lines are wins feel free to test this yourself which I do recommend this this goes all the way back to the start of 2023 and throughout that time we got 26 wins and 17 losses so we'll bring up a calculator yet again we have 26 wins all of those we're at a 1.4 to1 reward risk ratio we had 17 losses so we now subtract those 17 losses because they're equal to one and then we get 19.4 what we call R 19.4 R means 19.4 times whatever we're risking I personally risk 2% you may risk more or less but that would give a 38.8% Roi throughout 2023 and again keep in mind that's just trading it on one pair if you had let's say three pairs that were performing in a similar way and you traded them all year that would be more than a 100% gain this year with just this strategy alone"

"the first is something I talk about all too often and that is valuable levels of structure or major levels of structure that have been tested multiple times so this is the way I personally like to trade these I don't like to trade them in the middle of nowhere but I love trading these patterns in the way you've learned in this video If price is already at a major level of structure and my Perfect Trading scenario is when I can add one other technical factor to this technical Factor along with the double bottom trading strategy and chart pattern you've already learned and that other technical factor is in fact the RSI indicator if I see the RSI go oversold or even better get what is called Divergence quick lesson on Divergence if price is making equal or lower lows while in fact the RSI indicator is making higher lows that is called RSI Divergence so if I can get the double bottom chart pattern and strategy you've learned throughout the video inside of a major level of structure with RSI Divergence that is my absolutely perfect scenario for this entire trading strategy and for anytime I want to trade double bottoms and double tops"