I think this strategy does not work.
I tried to analyze the markets using the suggested principles of price action, and I can see that in the past these kinds of setup are as random as any other.
I also think that the authors of any Forex trading courses earn money selling their courses, webinars, seminars, books, they earn affiliate referral income driving clients to brokers, etc. Anything but Forex itself.
I would be glad if I am wrong though, as I want very much to learn how to make money at Forex, but this is the opinion I came to, after studying this Forex thing for four months now...
It's like professional bodybuilding: the real formula of success is unique genetics + sophisticated steroids. But if you listen to these guys they attribute their success to other things (which they accidentally advertise and sell).
You can see yourself: take any thread in any Forex-related web forum which used to be very active and full of people in the past and 2-3 years from its beginning the thread is dead.