The Flip Play

1. Context Setup:
Identify strong, well-established levels of support and resistance within the market. These
levels are critical as they will serve as the benchmarks for the Flip Play execution.

2. Flip Candle Identification:

Bearish Flip Scenario: Look for a bearish candle that closes just above support without
creating a top wick. This indicates a rejection of higher prices and a potential shift downward.

Bullish Flip Scenario: Search for a bullish candle that closes just below resistance without
creating a bottom wick. This signals a rejection of lower prices and a potential shift upward.

3. Trade Entry and Execution:

Setting Trade Orders: Depending on the scenario:

- Bearish Candle: Set a buy stop order just above the high of the bearish candle (at
the flipping point). This order anticipates that the price will flip upwards, filling the
range back up towards resistance.

- Bullish Candle: Set a sell stop order just below the low of the bullish candle (at the
flipping point). This order expects that the price will flip downwards, filling the range
back down towards support.
Order Trigger: The flip is expected to occur when the subsequent candle crosses the
threshold set by the stop order, initiating the trade.

4. Key Rules for Execution:

Candle Length: Ensure the candle is at least 20 pips long to validate the significance of the
move.

Wick Filling Requirement: The candle must have filled at least 50% of its preceding wick
before flipping. This condition ensures that there's sufficient market rejection of previous
lows (for bullish) or highs (for bearish) to justify a reversal.

Timing for Execution:

- Candle Timing Before Closing: There must be at least 7 minutes left before the
candle closes. This ensures that the candle's formation is likely to represent a solid
market sentiment.
- Candle Open Duration: The candle must have been open for at least 5 minutes,
confirming its stability and relevance to current market dynamics.

5. Visual Example:
Refer to the instructional video.