HI,
I’m new to forex.I was reading about swing high and low but it didn’t clearly explain how should determine confirm swing high and low.Can someone tells me please?
Thanks
I think the answer is here.
http://forums.babypips.com/forextown/33670-swing-high-swing-low.html
Nope.I did not get the point.
I want to know how to determine the confirm swing low and high?
Thanks
There is always interpretation when it comes to chart so I think it would be a mistake to say something along the lines of “this is definitely a swing high” or something of that nature. Having said that, when you get used to reading charts, it just becomes apparent what you think a swing high or low looks like to you.
In an uptrend (also interpretation), a swing high is a new high followed by a slight downtrend. A swing low is a new higher low followed by an uptrend.
Downtrend is just opposite.
Maybe going on youtube will be better so you can get a visual.
Also, I don’t use it when I trade, but the ZigZag indicator in MT4 can give you a much better idea of what the swings are.
This is as good an explanation as I have seen. But if you find something else it might provide a different explanation. I don’t think its a hard and fast definition so it is open to different interpretations.