EURCAD Long at this S/R flip.

54
I am looking at longing EUR/CAD at the top green line because the high is untested.

I'm going through different styles of trading, so right now I'm trying minimalist trading: HLC bars, same color for up and down.

The idea here is that I want all extraneous information off of the chart so that I'm focused only what matters, and not what doesn't.

Where price opens in a day doesn't really matter.
Whether the bar closed lower than the days' high (meaning it'll be colored green or red) doesn't really matter.
Indicators lie.

So I'm trying the old-fashined way. Same colored HLC bars.

You can easily see 1) trend, 2) untested levels, 3) support and resistance.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.