Follow Price Action Trends - Forex Trading System by Damir Laurentiu

Author:Damir, Laurentiu [Damir, Laurentiu]
Language: eng
Format: epub, mobi
Published: 2012-06-14T00:00:00+00:00

This is the the same chart with the same trend but it is zoomed in so you can better see what is going on with those first 2 pairs of LH-LL we talked about. You can see the correction move has a span of approximately 260 pips and moderate move down as I call it is 380 pips in length. This means it surpasses the start of the correction by almost have of the correction move length. If the amplitude of the move down would have been 500 pips or so then this would’ve been a strong correction move and we would have labeled the first pair of LH-LL right after the move, we wouldn’t have to wait for that huge move down after the second pair. Let’s see on the same trend the last two pairs of LH-LL which have identical dynamics as these first two:

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