The Exhaustion Reversal [TRADING STRATEGY]

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One of the disadvantages of only looking at a price chart is that you miss out on what actually created a high or low, which ultimately determines what you can expect to see when the market returns to that level. The problem most traders are then left with is simply playing "support" and "resistance" levels with inconsistent results.
On the other hand, the footprint chart allows you to analyse the interactions between buyers and sellers and analyse how a reversal is made.
There are three types of reversals observed on the footprint chart: the key auction reversal, the exhaustion reversal, and the absorption reversal. This footprint trading session with Brannigan looks at the The Exhuastion Reversal.
The main criteria for a successful Exhaustion Reversal are:
1. Change in volume
2. Support and resistance
3. Low volume becomes high volume
The basic theory behind the Exhaustion Reversal is that the whole market ends up on side i.e. long into the high, with lots of activity taking place towards the end of the move. The market then drifts off, which implies that traders are taking profits and putting on speculative shorts - which is different from major sellers entering the market.
The given example is in the GBPUSD Futures on the 22nd and 23rd of August.
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[@luanluku9148]

Great tutorial guys, I'm studying every word of what is said in these videos, congratulations and thanks for sharing

[@AxiaFutures]

Keep up the good work Luan. Glad you like it.

[@tradehut2782]

Amazing interpretation

[@deli5687]

HI, it would be very interesting, when you did enter the market?

[@deli5687]

OK i think i understood by wachting your nice video. THX a lot

[@chrissnyder4144]

Thanks

[@danielarevalo7529]

Great content, thanks a lot! have you ever thought about reducing your time frame or even using tick charts? I think 5 minutes is a lot of time when markets are experiencing high volatility.

[@AxiaFutures]

Hi Daniel, thanks for the feedback. Some traders do very small timeframe, it all depends on your style of trading. Usually 5minute chart is not the lowest reference timeframe. Some traders use 1sec charts for example, but it depends trader to trader.

[@christopherjamieson4921]

Great content. Thanks mate! Question - since FX markets are decentralised, does that mean that a broker-specific footprint chart would not provide "accurate" information? Or would it be reasonable to assume that the broker's buyer/seller interaction should theoretically mirror what the futures market footprint would show?

[@isaacperry9593]

Yea decentralisation means visualising real broker specific orders is way less reliable than for futures. FX footprints should only ever display volume at price levels which is calculated by price fluctuation per tick and how much time is spent at each level and so they're based solely on price action instead of keeping a record of real orders

[@ImCuriousPromise-kv6nf]

I found you yes 🤩

[@sirajulmuneersahi]

whih software is that ?? and can u show this on tradingview ??

[@isaacperry9593]

I don't know what software he's using. You can get volume profile indicators on trading view but for the footprint and order flow analysis you'll need advanced charting software I use sierracharts but check out ninjatrader, motivewave, multicharts too there's a tonne see what works for you

[@russjamison9041]

All you are doing is narrating the past.

[@isaacperry9593]

Narrating trading live can be pretty difficult bro😅

[@russjamison9041]

@@isaacperry9593 lol....I hear ya! These axis guys are a joke. He's wrong on just about every move. "Oh hey, look, this should go up now....oh wait, sellers came in, it's going down". "Now the price is going up, buyers stepped in". Typical bs to make money on KZbin videos.

[@isaacperry9593]

@@russjamison9041 ye I think alot of his "strategies" suck but I can vouch for the tools he's using. Volume profile and the footprint are sick i think you've gota figure out how to use em in your own way tho