Hi Kapital,
Here is my view of Eur-Cad. Price is making lower highs and lower lows...so I draw a "down-sloper" using high-low-high. Notice the touches this fork gets. Then I included an internal fork for fine-tuning...and look at the entry for the long at a switchback of the U-MLH.
I am of the opinion that everything in the body, even the appendix has a purpose (and it does). I try to treat price action the same. Cutting parts off causes me to lose vital information and function in analysis.
FX4Newbies
Here is my view of Eur-Cad. Price is making lower highs and lower lows...so I draw a "down-sloper" using high-low-high. Notice the touches this fork gets. Then I included an internal fork for fine-tuning...and look at the entry for the long at a switchback of the U-MLH.
I am of the opinion that everything in the body, even the appendix has a purpose (and it does). I try to treat price action the same. Cutting parts off causes me to lose vital information and function in analysis.
FX4Newbies