Hello Traders,
The attached chart shows a gold highlighted area at a L-MLH where a Wash and Rinse scenario occurred yesterday. Notice where price is parked now...at another L-MLH. Be careful. Don't let them wash and rinse you today. Be patient, and wait for confirmation of price action.
Take care,
FX4Newbies
P.S. For those who may not know, a Wash and Rinse is a fake move. The price starts inching blow the line encouraging traders to sell. When they do, the price is driven up, so you reverse your trade and buy. Then they leave you with the buy and drop the price. It can happen in the reverse direction as well, starting with price moving up.