A triangular pattern has formed. The horizontal line tells us that there is no change in the bearish momentum.
Confused? Let me explain.
Every time when the bears push the prices back down, the swing highs do not get lower which indicates that the momentum of the bears does not increase. They remain constant.
On the other hand, the ascending diagonal line tells us that the bullish momentum is increasing.
Every time when the bulls fight back after being knocked down, the swing lows get higher which signifies that the momentum of the bulls is growing.
Hmm... 1:1.5 risk-reward ratio.
That’s pretty decent. So, Mr Market…
Shut up and take my money!
--
Join our FX training platform (for free): onelink.to/sjxych
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Confused? Let me explain.
Every time when the bears push the prices back down, the swing highs do not get lower which indicates that the momentum of the bears does not increase. They remain constant.
On the other hand, the ascending diagonal line tells us that the bullish momentum is increasing.
Every time when the bulls fight back after being knocked down, the swing lows get higher which signifies that the momentum of the bulls is growing.
Hmm... 1:1.5 risk-reward ratio.
That’s pretty decent. So, Mr Market…
Shut up and take my money!
--
Join our FX training platform (for free): onelink.to/sjxych
Follow my Instagram: bit.ly/33PN5q1
Check my Tweet: bit.ly/2rPSlMr
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。