rozela99

DO YOU KNOW HOW TO READ PRICE ACTION? #3

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
0
now that we have found support and resisitance we cna start o look for a Higher High Higher Close or a Lower Low Lower Close. In this exaple we got a Higher High Higher Close.

Now draw a line from the lowest low of your support to your most recent high. Lable this point as HHHC.
We dont have a trade just yet but, we now know we want to look for a long entry.

We must now wait for a New Structure High.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.