DislikedCheck out how this Weekly and Daily LCS level (same levels) on the UsdJpy is making Price dance on the Daily and lower time frames.
It is still my contention that the Highs and Lows of Price are born from the Close of Price. .specifically the HCR and LCS levels.
I'll let you decide if there were low risk opportunities to long this pair at these levels.Ignored
How many losses would there be if you entered long at each of this levels and waited for a Hourly bar to close below them to take you out of the trade?
Targets would be previous Daily and/or Weekly Highs and Lows. (not marked on the chart)
Jim
Indicators show the past. Price Action "Indicates" the future.