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Timing the market with a high degree of precision is about using the right tools at the right time. Alex has focused his attention on the reversal near the key zone.
This reversal was based on his observation of the auctioning process near the low. The access was possible thanks to what Alex has spotted on the price ladder and footprint. The moment the sellers stopped the heavy selling, buyers started to step in. That was the moment to get long. As long as aggressive sellers stayed away from his access zone, he was confident to hold the trade to target the daily high 40 handles away.
Watch the access for key reversal and let us know what are your important footprint reversal patterns in the comments below.
#DayTrading #Trading #Reversal
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Contacts:
Demetris Mavrommatis - Co-Founder, Head of Trading
Alex Haywood - Co-Founder Head of Strategy