FX:GBPUSD   英镑/美元
181 6
The larger swings remain higher high and higher low - however the insets, the red boxes, have not changed and we still have lower highs and lower lows. I like to long based on the larger swings but there is always a chance price could make a lower low on the bigger swing. It would not take much to show price is willing to go higher, if we get a retrace here and it is a higher low on the inset swings then I would expect a higher high effectively changing the inset swings to moving up. Alternatively if price breaks the bigger higher swing low then price would be switching to lower highs and lower lows.
price reached demand now we just need the swings to reverse to get price heading up
this is better - a new lower low with swings moving up - I would expect the swing high at top to hold to bring price down again as we have a new swing low in play
kate25 kate25
I meant to post this on my Yen chart - oops sorry
If price is to move back up then the swing low has to hold - the inset swings are still falling which means price is not in a position to long yet
On the 30 min price is still rising - however when price retraces we want a higher low - the structures to the left are interesting I do not expect they will offer much resistance going up as long as price met demand.
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