Thanks nikosk0, you CHF and EUR chart explanation clear it up, to spend time on detail.
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DislikedHi Deir, just my 2 cent take on your question, GBPUSD is very similar to niKosK0 trade USDCHF on the 30 min chart, for n Long not a short. There was no new LL but there was a HH. his Rule for short state rules to sell 1. we want to see a lower low (LL) 2. we wait for the retest of the high 3. we either wait for confirmation or we just sell 4. stop above the previous swing highIgnored
Disliked{quote} as i said. sentiments main focus is for continuation, not reverals. let em go to 90% long who cares, keep sorting on 14 of aprill there was a valid long signal but i wouldnt take it. i would take it on 19/4 that was when the structure shiftedIgnored
Disliked{quote} There are threads about harmonics even here on Forexfactory. Books by Scott Carney or this one... {image}Ignored
Disliked{quote} Look how retests look like actually. . It is not the lows and highs what are being retested. What is retested is the last directional move. While moving up, big funds keep hedging with shorts and they hedge the whole run up in steps. So if a new range of an ascending market has not been hedged, then buyers will be eventually hedging their positions using shorts till the last level they did it. All these theories about highs and lows acting as support and resistances are bullshit; highs and lows are just areas already capitalized and price...Ignored
Disliked{quote} Can you elaborate this in detail or recommend me to sources that can I understand more about how forex market worksIgnored
DislikedBeautiful structure on GU 15 min, as well as on GCad, but..... {image} {image}Ignored