Why ‘Higher Highs – Lower Lows’ Can Mislead Traders (And What to Do About It)
Relying on ‘higher highs’ and ‘lower lows’ to identify trends is a common approach for traders. After all, it seems logical: higher highs suggest an uptrend, and lower lows signal a downtrend. But what happens when the market defies this logic? Take this scenario: you’re trading a downtrend on EUR/USD. Suddenly, a new swing high […]
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