Stop Hit Pattern | Live Forex Trade | EURAUD | 4 Hour Chart



https://www.tradeforex4profit.com/trade/simple-forex-trading-system/ A two candle entry signal formed completing this stop hit pattern at resistance. First a bounce forms thereby creating an area of opportunity for large amounts of orders to be generated. When the price returns to that level the buyers and sellers alike are placing their orders in high concentration. The entry comes on a pullback of the engulfing signal that takes out two candles and closes beneath the breakout level. Additionally, this is a perfect example of prior support becoming resistance. Look to the left and you will see the former support level that was broken which is now acting as resistance. https://www.tradeforex4profit.com/trade/simple-forex-trading-system/ offers a completely (100% FREE) trading system that you can access immediately with no strings attached. We don't even want your email, we're simply paying it forward. Learn this powerful forex trading system through video presentation and enjoy unlimited access to our live forex trading videos. Learn our time tested signature trading patterns that will put you on the path to financial freedom. Visit us at https://www.tradeforex4profit.com/trade/simple-forex-trading-system/

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    Duration: 6m 28s

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