price stopped forming lower highs and lower lows- sellers (bears) are in trouble. There's a higher chance for price to pull back then head higher, than price to go back inside the previous consolidation. But then either events could happen, so always use a stop loss.
Price has been forming lower highs and lower lows, then it broke out correctively and formed higher highs on smaller timeframes indicating the bearish trend is over. Is this the commence of a bullish overall trend?
I've been using trends in trends strategy to find high probability setups, along with price confirmation etc. AUD/CHF is currently in an overall up-trend ( higher highs & higher lows). I see price made a decending counter trend inside the overall bullish trend. Then price broke out of the counter trend and pulled back ( retest) confirming buys. How I would take...