higher high higher low chart pattern is use to determine momentum in forex trading #forextrading

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Published on July 2, 2024 10:00:40 AM ● Video Link: https://www.youtube.com/watch?v=gtpP9txqRSY

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A "higher high" is a term used in technical analysis to describe a situation where the highest point of a price movement is higher than the highest point of the previous price movement. This pattern is often seen in uptrends, indicating that the price is continuing to rise and that there is strong buying interest.

In an uptrend, a series of higher highs and higher lows typically forms, showing that the market is experiencing upward momentum. Traders often look for higher highs as a sign that the bullish trend is likely to continue, and they may use this information to make trading decisions, such as entering long positions or holding onto existing positions.