Now you’re probably thinking: "What's the meaning of⦁fade?" It⦁means… to⦁go⦁against. Basically, you’re trading against the momentum (also known as⦁counter-trend). So, if⦁you’re the trader that likes to "go against the crowd", then this trading strategy is⦁for you.
HOW IT WORKS
1
Identify a strong momentum move into Resistance that takes out the previous high.
2
Look for a⦁strong price rejection as⦁the candle forms a⦁strong bearish close.
3
Go⦁short on⦁the next candle and set your stop loss 1 ATR above the highs.
