Discover Professional Price Action Strategies That Work So You Can Profit In Bull & Bear Markets—Without Indicators, News, Or Opinions

First Post of the Year! (12-01-14) 

Last Updated: July 25, 2019

By Rayner Teo

Has the Aususd bottomed out?

  • Hi Rayner,

    I’ve been watching your videos and have learned a lot. Of all the strategies out there, I think yours is the simplest and honestly working for me so far. Got a question though, how do you know if a retrace is really just a retrace or a possible reversal?

    Hope you can enlighten more. More power. Thanks!

    • Hi Chris,

      I’m glad you find my videos useful! Well truth be told, we won’t know if it’s a retrace or a potential reversal.

      But some clues you can derive is watching how the candles behave while retracing. Are they small bodied compared to the impulse move? What’s the trend prior to that?

      These are some questions i ask myself. Hope that helps!

      Cheers!

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