EURUSD 30 MINUTE CHART – HOW I LOOK AT THIS CHART
The lines on my charts are drawn automatically in real-time using the Amazing Trader charting algo
On this chart, the three descending blue (ladder) lines indicate risk to the downside.
The strategy says if putting on a trade, sell with a stop above the most recent blue ladder line that preceded a new low.
Risk stays on the downside as long as the most recent nue line that preceded a new low stays intact.
Vice versa for red lines when risk is on the upside.