What’s CHOCH ?Whene price making LL (lower low) and lower High (LH) it’s down trend, whene price break last lower high (LH) and make new higher high (HH) and higher low (HL) trend changed and called change of character (CHOCH) and up trend
HH
How to read the price successfullyIn this short video, I explained how you can read the price using structural points to determine whether you want to be a buyer or a seller.
Key Points:
---------PRICE BEHAVIOUR----------
S-STR = Short Structure / A sell decision-making point
L-STR = Long Structure / A buy decision-making point
Downtrend: Series of LH & LL
Uptrend: Series of HL & HH
Uptrend HH and HL Trading examplehow to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price retest this zone and break the HH and again retest the HH as a support .
