Sentences with phrase «swing lows clearly»
The lower two charts display the weekly & monthly time - frame, with their respective closest swing high and swing lows clearly marked, as potential future Support / Resistance levels, where I will focus my attention to the price action that occurs on my top two charts (4 hour and daily time - frame) when price moves to one of my SR levels on the highest time - frames.
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Furthermore, false breakout entries enable short - term swing traders to have a clearly defined stop price below the low of the pullback, which creates a very positive reward - risk ratio for the setup.