DislikedHi Pipon, A better entry for short would be now at 120.39 with confluence of 1H ROMAR + 2H parabolic + previous low. Would you mind pointing out the location of the "previous low" for this novice? Hopeful Thanks, MaasIgnored
when I think about it now, I may have mix something I shouldn't have added here. When the market moves in "waves" it is creating lower lows on the way down, and higher highs when it goes up. Many times when the market moves down , it goes back up to the level of the previous low that was created and only then moves further down. These levels often treated as resistance.
If you want to know more you should read a bit about price action, BUT Im pretty sure we do not use it in the PARADOX so Im sorry I used it here...
Dove said many times that we should forget about the "old" thinking so I guess I have more training to do.....