EURUSD VALLEY EUR/USDOANDA:EURUSDPrinciplesofmathprobUntil there is a change, such as a new range that puts a stop to the current trend or a break of the parallel, the market continues to rise toward the area that started the drop. This connects to the previous post on this same market, where I mentioned that the trade would emerge if the upper parallel of the bearish setup was decisively broken first. That is exactly what happened, although the market decided to reverse 1 or 2 pips before hitting the parallel. If it had generated a clean signal, this would have been the stop: The pattern is the same basic pattern as always: A big drop first Trend reversal Enter on a pullback in the direction of the fresh new trend If price is in a downtrend but can't make a new low and instead makes a new high, that's the trigger to buy the pullback (or sell the pullback, if the pattern is the opposite). Extremely easy to understand, not a bunch of lines going up and down. Just simple logic, a simple diagram and simple trading.