Reply To: MOR/Controls
Hi Gillian, all looking good on your analysis. GBPUSD definitely a strong buy. EURUSD: it’s been moving sideways for a few days but the buyers still have it, you can consider it a strong buy until you get that change of control by the sellers taking it below a recent swing-low. You can use the pulse – pullback – pulse pattern to show you when control has changed hands.
Remember you can fine-tune the area your rectangle covers by typing in the actual high/low prices you want to use, and the start/end times, on the parameters tab of the rectangle properties.