EURCAD Long at this S/R flip.
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.
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.
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