sure, though the size of the upmoves are shrinking, so it could equally reverse (or pullback deeper) so be aware of your options. Be mindful of the short play as well.
Some EU after thoughts. One sure needs patience for things to play out.
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Current structure on Eur shows support turning in resistance. That means it is moving down. If you have reason to go long (e.g. COT data or what ever), one approach (though not mandatory) is to wait and see the structure change.
This is what I was talking about in post (see this post before looking at the pics below).
Its simple, yet vital, and powerful.
This is how (well, it's just one part, but it is an important part) how price moves. Will gives some other examples of how prices moves in this thread.
Something I marked earlier on a 5 min chart.
Price Flips to the extreme
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Very nice hometrading...
Its the same on every chart, every time frame. This is where price action study should start. Then you can start adding additional understanding of how price moves on top of that base to build up a fuller picture. Start knowing 'the exceptions' (when to "leave it alone", as Will says). Then add structures and patterns, and some entry tricks. That's it.
Pins, insides, outsides, flying backward dragon, ohmytrickycandle, dojoofjoy, etc, is not where to start.
A candle pattern only means something if it happens where you already expected it to happen.
(Edit: some the S and R backwards in bottom chart - sometimes I think I am dyslexic)
Trading with Deadly Accuracy
