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Hi and welcome back. In this video we're going to talk about bullish structure
or buying. So the market is buying, the market is going up and basically...
As we've discussed previously, there are a few things you need to be looking at.
And as we move through the course, we're going to be looking at things like
establishing the bias on multi timeframes and, you know, looking at
major and minor structure.
But if you come to a timeframe and on that particular timeframe, what you can
see is higher highs and higher lows, then you are looking at a bullish trend.
So if we have a look at the CHFJPY daily chart, what you can see here.
and I'll try and map some of these up for you with a highlighter, is you have
low here, and the next low is higher than that low, and the next low is
than that low, and the next low is higher than that low, and the next low
higher than that low. So you can see that this is very much a trend that is
moving up. And as well as the higher lows, you're also looking for higher
You can see price moves up and creates this high.
it pulls back creates a new low it comes back up creates a new high that is
higher than the previous high it comes back it creates a new low which again is
higher it creates a new high which is higher than the previous low pulls back
which is higher and then as we move up you can see that this pattern continues
so all of the way we are creating new highs and new lows that are higher than
the previous ones and that is the most simple way to spot a trend now obviously
if you're looking at a trend like this on say a five minute time frame that
could be a pullback of a hour or a four hour downward move so essentially what
you have to do is to make sure that you are looking at all of the time frames
and we'll cover this in more depth but it's important to make sure you do get a
bigger picture so i hope that that's been helpful and i'll see you in another
video
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