How to draw Higher high, higher low, lower high, and lower low in forex trading. video, we will learn how to mark Highs and lows like a pro. how to draw swing highs and swing lows, how to draw the second step of swing highs and swing lows, first step to draw swing highs and swing lows, second step to draw swing highs and swing lows, the right way to draw swing highs and swing lows, how to mark highs and lows like a pro, how to spot reversal with a higher high higher low lower high and lower low, spot momentum change with swing highs and swing lows, How to draw Higher high, higher low, lower high and lower low in forex trading.
Are you searching for all the above questions and want to know the higher high higher low lower high and lower-low concepts for beginners?
By the way, in my last video, I have explained what are highs and lows and how can it help you go from a beginner in forex to a pro in no time.
So, there has always been a debate about how to draw swing highs and swing lows? And also wants to know about how to draw the second step of swing highs and swing lows.
And there are a lot of questions regarding this topic.
Like, do we need to consider the wicks?
Or do we need to exclude the wicks?
And how do we observe the momentum change?
So, What is the right way to draw highs and lows?
The very First thing you have to do is, You have to look at the chart and find the direction of the market visually.
Is the market moving up or is it moving down?
For that, select whichever timeframe you want and then zoom out.
Observe in which direction the market is moving.
Like here, on AUD/JPY 15 minutes timeframe.
If we zoom out we can see the current direction of the market is up.
Now, always remember if the market is up-trending you have to look for higher highs and higher lows and if the market is down trending you have to look for lower lows and lower highs.
So, in this case, the market is moving up so we will mark higher highs and higher lows.
After you zoom out the second step is to find the lowest point from which the market started moving up.
Now, the 3rd step is to look for a previous lower high.
In this case, our previous lower high was this and the lower low was this.
So, now when the market moves above the previous lower high we will get our first higher high, and then when the market retraces we will get our new higher low.
So, This was our previous lower high and this was the final lower low.
When the price moved above this previous lower high, we got a new higher high.
So, this will be our higher high.
After this when the price moved down and stayed above the lower low, we got a new higher low.
So, this will be our higher low
Now keep on doing this.
Look for a new higher high, which would be this then a higher low.
Then again a new higher high and then a higher low.
This time a deeper retracement, so this will be the higher low then a higher high, and so on.
Again, if we take this small downtrend.
Here we will have to draw low
