TheforexClub

[iamcanadian]

http://imgur.com/a/aB3oE when a swing high is breached we can consider that price is in retrace - in retrace - as we are only looking at a smaller time frame within a bigger one - so all we know is at that point when the swing high is crossed we were and are in a retrace until the bigger time frame is crossed above and can only consider shorts - as if you anticipate the cross above the swing high it is not necessarily what price will do - we only know at this point it is retracing