Trend trades are not around much at the moment.
We've just seen a lot of aggressive corrections so for me at the moment it's all about catch the reversion to the mean value, that's all there really is at the moment.
Mean reversion setups are best when there is a large gap in the mean value and price + an S/R level on the daily or weekly chart and a price action pattern that signals the mean reversion is about to happen.
The bigger the gap, the more aggressive the move generally is... see AUDUSD and GBPUSD.
Also, happy May 4th to all Star Wars fans, I wrote a special article today
THE AMAZING SIMILARITIES BETWEEN STAR WARS & FOREX TRADING – MAY 4TH SPECIAL
We've just seen a lot of aggressive corrections so for me at the moment it's all about catch the reversion to the mean value, that's all there really is at the moment.
Mean reversion setups are best when there is a large gap in the mean value and price + an S/R level on the daily or weekly chart and a price action pattern that signals the mean reversion is about to happen.
The bigger the gap, the more aggressive the move generally is... see AUDUSD and GBPUSD.
Also, happy May 4th to all Star Wars fans, I wrote a special article today
THE AMAZING SIMILARITIES BETWEEN STAR WARS & FOREX TRADING – MAY 4TH SPECIAL
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies