YTC PAT Vol 3 P203


YourTradingCoach presents& YTC Price Action Trader
Weakness on the pullback  the expectation is for a breakout pullback and
continuation.
Just a reminder  S/R levels are not a single price level, but an area. Looking left to prior price
action, the 1.5395 level is actually an area within the range 1.5393  1.5402.
Step 5  Visualise Future Price Action
My expectation then is for strength to continue through to above 1.5402. Any failure to breach
the level will invalidate the premise and require reassessment.
Step 6  Identify Areas of Trade Opportunity
Weakness through the breakout area will provide a BOF setup, allowing us to trade a failure of
the resistance level short.
Strength through the breakout area with a weaker pullback will provide a BPB opportunity
trading the first pullback after the breakout.
Figure 5.72  Example 7  Expectations for Future Trend Direction
Copyright 2010. Lance Beggs, www.YourTradingCoach.com. All Rights Reserved
203
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