DislikedJust thought I'd share this chart and some of the things I look for when determining trend and trend strength. Here is the EURUSD daily chart. We are in an uptrend the last two months since about 4th June. As you can see there are 3 significant pullbacks in the up trend. Take a look at number 1 and number 2 pullback and compare it to the number 3 pullback. Do you notice anything different about the pullbacks and subsequent break outs to resume the trend?
Note that on pullback 1 and 2 it only takes 1 or 2 candles to break the top of the pullback...Ignored
That was a good price action analysis. Well done
Sincerely,
Graeme