DislikedHi Jaroo
I've been thinking about your chart since last week, when ghous and pinbar explain boxes. Now i know that price move from one boxes to the next. And when it breaks out of boxes and give PA that we want to trade. What was once the lower/upper boundary of boxes has flipped from sup/res to res/sup.
With this in mind, i assume you always look for retest once price breaks out of consolidation. Then you look for PA in the direction away from the box.
I also notice that price can retest right away after the break (A), or it can breaks and...Ignored
I gotten a few PMs about my Nzd/Chf Weekly chart, mainly about the area in yellow . . How do you trade that?? Or What do you look for? touch trades? PA trades?
Let me show you with a series of charts. But the quick answer is that you are right Be Cool . .that PB is at a swing low . .bad . but size looks good. . .etc..
Give me a minute. . . .
Indicators show the past. Price Action "Indicates" the future.