Here is another trade the way I described from post 603 and the following.
From lowest close you follow with your line the closes of the bearish candles in an uptrend.
Everytime you see a bullish candle, you move the line to the bearish close right before the bullish.
Now we see the second lower high after the last 4 higher highs of the M15 candles in the following example.
(The first of the red candle row)
Entry when the second bearisch candle goes below the close of the first bearish . We are at the right side of the trendline after break of course.
SL above the next 25 pip grid ( 1.57000). Take profit maybe the next lower 25 pip grid ( 1.56500 )
From lowest close you follow with your line the closes of the bearish candles in an uptrend.
Everytime you see a bullish candle, you move the line to the bearish close right before the bullish.
Now we see the second lower high after the last 4 higher highs of the M15 candles in the following example.
(The first of the red candle row)
Entry when the second bearisch candle goes below the close of the first bearish . We are at the right side of the trendline after break of course.
SL above the next 25 pip grid ( 1.57000). Take profit maybe the next lower 25 pip grid ( 1.56500 )