Snick3rSD

Failure Swing (SMS) and how to trade it

FX:JPYBASKET   FXCM Yen Index Basket
‼️ When there is an uptrend market and the price fails to break the last top (Swing High) and breaks the previous bottom (Swing Low), an SMS is considered to have occurred (vice versa for Bearish). Also, this pattern is considered a good confirmation for reversal.

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