In this excellent example you can see the GBP/USD hits the 4 hour statistical low where you buy. Most of the time these levels hold perfectly but the GBP is in a strong downtrend as you can see in the FX Multimap. You can either buy here and scale in 10 to 15 pips lower and have a small profit on the first entry or wait for a double bottom and buy the second time at 1.9770. The makret then rallies up 20 pips.

The next 4 hour stat low is how most work, you buy right here and the market explodes up close to 30 pips. It double bottoms here again with confirmation from the FX Multimap (Divergence is when you have a similar low or lower low but the FX Multimap is less weak). The second trade pops up 20 pips straight up.



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