Price hits new low, price retraces from that low, simple as that. How do you know when price is primed for a possible reversal? By watching and looking at the CHART for DIVERGENCE
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Rags to Riches 21 replies
Rags To Riches 203 replies
rags to more rags.. and even more rags! 19 replies
Rags to rags and ice cream 36 replies
Rags To Riches Take 2 24 replies
DislikedPrice hits new low, then price reverses from that low. {image} {image}Ignored
DislikedEURUSD only moved 35 pips in the day, 2x a new low was hit and 2x the market responded the same way while showing Divergence, I only take 5 pips just based on my experience and personality. I have post from 5 years ago using this same exact method and making 25pip trades, basically saying you don't have to limit yourself to just 5 pips that's just what I do. {image}Ignored