Original subtitles

0 Hello and welcome to the second complete live trade analysis and trade management video in this lecture. 1

We are looking at four other charts of CHFJPY. On 15th Feb, 2

double bulls pattern with increasing volumes was recorded at key resistance zone. 3

Also, notice an inside handle on this forex pair before the second candle in the double bulls formation, 4

Therefore guys, I entered a BUY STOP just above the price high of the double bulls formation. 5

And I placed my stop-loss just below the previous swing low for this trade. 6

Now I will switch to daily charts to analyze the following few sessions of this trade on one larger 7

timeframe. 8

Although, my BUY trade initially went very well, as you see here, but after a few trading days, a strong, 9

bearish engulfing candle with high volume signaled the selling strength entering in large numbers. 10

According to professional support and resistance training strategy guidelines, I exited my trade with 11

a small 16 pips loss. 12

And then I re-entered in the markets upon this bearish engulfing pattern and took a Sell entry just below 13

the price low of the candle. 14

This time my stop-loss was just above the price high of bearish engulfing pattern. 15

Guys, this trade was confirmed by a possible breakout to the support zone, which was a resistance 16

zone for the last entry. 17

Also, the trading volumes increased over the two candles, confirming my sell entry. 18

And as you see here, a signal bottom associated to heavy volumes at key support level appeared on this 19

pair after five trading days. 20

So I closed the sell trade with approximately 80 pips in profit. 21

Guys, this is a very good example to how to look for re-entries and study the market sentiment correctly 22

to trade smartly, and I will see you in the next video.