Quote:
Originally Posted by Jocelyn
It's also very clearly establishing a higher high/higher low peak-trough pattern off the temporary bottom from yesterdays descent, which surely equates to "buying dips" until the last higher low is breached?
But from whichever stance you're studying it, at current levels I only see "longs" at least until it negates this series of higher highs & lows.
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you can't really get much simpler than that viewpoint of how to play your risk from an intra-day angle can you
until price action breaks through a former swing level, then it remains a buy
very clear & simple explanation of how to read the ebbs & flows of pure price action.
this pair now has clear levels to watch for shorts at the 2 areas marked on the chart
other than that, it remains a good buy candidate.