Up and under price pattern

Up and under price pattern

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Call it whatever you want, but if you're looking for a price pattern to trade you might want to give it a look.


It's a very simple pattern so it's easier if I explain by charts, but obviously there are discretionary variables with the pattern that will be different for every trader so this thread is really a 'pattern promo' if you like, then you guys find out what works for you and hopefully go make some money.


I hope traders who already trade this pattern will share their insights.


I've tried to use recent PA in these examples, I use the M30.


The charts










Don't expect them all to work, they don't, but often if you're willing to be bold you can have a go at getting back what you've lost. This is calculated, it's not a revenge trade.



The shiny stuff works well.








The USDJPY today.


Attached Image (click to enlarge)




Down on the M10





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