Market develops in FRACTALS.
Understanding how each timeframe is developing is important in timing our trade entries. When we decide to take any trade, we now have a better understanding and expectation of our trades.
Practical Exercise
1) Find an example where the two timeframes' bias are aligned.
2) Find another example where the two timeframes' bias are...
Understanding that market moves in an impulse or corrective nature, we can now further categorise market moves into 3 scenarios.
Here we will illustrate the 3rd scenario - an impulse move, followed by a crawling move.
Practical Exercise
1) Find an example of such scenario in the market. It can be any currency pair, any timeframe.
2) Record down what's the...