The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
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Hi,
Is the ledge valid only if consecutive candles form high or low at one price or can it be candles at distant too with some other candles in between not touching that price?
e.g can the pattern in attached file be called Ledge?
Yes, no need for candles to be consecutive. The ledge in your picture has not the lows at the exact same price but close enough to behave like a ledge. I would call the ledge only the left-hand bars (see attached) so bar 1 is a BO far from the ledge but, as expected, fails and the price comes back to test it (not yet in your picture).
@ludopuig, thanks mate.
yeah, I thought the same about bars on the right they missed 1 or two pip.
are there any future videos on how to trade ledges? the video in this section didn't talk about trading strategies for ledges.
Cheers
Video 18D
Video 18D
Thanks mate, yeah I saw the video just now, but it only says that the price will come back to this price in the future, so I assume so specific trading strategies for it then? like sell before the ledges with some MM as target etc?
@no-one As you know, strategy varies depending on the context. I recommend you to check the encyclopedia section for ledges. There you can try to think for these concrete examples what strategy would have worked, because the next day you find a ledge in your charts your strategy will be a variation of any of those.
