AXIA Elite Trader Executes False Break Trade - LIVE Trading | Axia Futures

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In this video Isaac talks us through a trade from one of AXIA Elite traders first looking for a break of the Initial Balance Low and continuation. When that fails there is a reversal trade on. First he brings up the Eurostoxx daily chart and how the market has reacted with coronavirus. Then goes on to look at the cash session profile.
1. Market bearish in bigger picture (coronavirus)
2. Prior day was bearish double distribution day
3. Market continued the move lower overnight extending the market
4. Opening out of yesterday’s range and below value
5. False break IBH
6. False break IBL

After false breaking the IBL the extended market is likely to try the upside.
Price action change to suggest sellers have lost control.
Holding back above IBL to confirm

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