A triangular pattern has formed. The horizontal line tells us that there is no change in the bearish momentum.
Confused? Let me explain.
Every time when the bears push the prices back down, the swing highs do not get lower which indicates that the momentum of the bears does not increase. They remain constant.
On the other hand, the ascending diagonal line tells us that the bullish momentum is increasing.
Every time when the bulls fight back after being knocked down, the swing lows get higher which signifies that the momentum of the bulls is growing.
Hmm... 1:1.5 risk-reward ratio.
That’s pretty decent. So, Mr Market…
Shut up and take my money!
--
Join our FX training platform (for free): onelink.to/sjxych
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Confused? Let me explain.
Every time when the bears push the prices back down, the swing highs do not get lower which indicates that the momentum of the bears does not increase. They remain constant.
On the other hand, the ascending diagonal line tells us that the bullish momentum is increasing.
Every time when the bulls fight back after being knocked down, the swing lows get higher which signifies that the momentum of the bulls is growing.
Hmm... 1:1.5 risk-reward ratio.
That’s pretty decent. So, Mr Market…
Shut up and take my money!
--
Join our FX training platform (for free): onelink.to/sjxych
Follow my Instagram: bit.ly/33PN5q1
Check my Tweet: bit.ly/2rPSlMr
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.