The 10XROI Trading System

Shandy was referring to this pattern in his post but he numbered the candles incorrectly,also, although I am unable to show it because I don’t know the pair or the date, if you look closely you will see that an upwards wedge has formed and the candles that Shandy is referring to are being rejected, hence the large wicks.  This context is not suitable for an entry.  In any case  I have numbered the candles as they should be, see below.

Deanoracer is correct about the candle pattern but the context is not correct, the moving averages are threading and there is no indication of momentum.  Context first then push-pull pattern.

This post is to answer Shandys question on the 10XROI thread on Forex Factory, he numbered the candles incorrectly so I have posted the corrected image below.  We would look for daily entries at the low of candle 3.

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