I lost $50,000 before I learned this strategy
If you've ever felt the pain of losing a trade, trust me - you are not alone.
Once, I watched $50,000 evaporate from my trading account. I felt like every trade I made was an adventure. I was chasing indicators, following hype, and getting hit with losses over and over again. I was trading recklessly until I discovered the power of price action rejection.
Awakening call
The turning point for me was realizing that indicators were lagging, news was noisy, and signals were often conflicting. I needed a clear and reliable strategy, rooted in market psychology. That’s when I found a simple and visual concept: rejection at key levels using price action only.
I started studying Japanese candlestick behavior at support and resistance levels, and what I found was gold.
Power of price action rejection
Let me clarify it simply:
When the price approaches a key level - like support or resistance - watch the candle action. The story told by the candles may empower you to set up high-probability trades. There are two scenarios that changed everything for me:
Scenario 1: Bullish rejection at support
The market is declining with strong bearish pressure.
The price will reach the support area.
A bullish engulfing candle shows buyers stepping in.
Wick rejection confirms rejection of lower prices.
Entry is made upon bullish confirmation.$XRP