Interesting watching the charts right now - many pairs are set up for reversals but have no price action - very small candles on the day charts, so entering is a complete gamble. In some cases it can pay off to switch to H4 to pick up the moves as they commence. AUD/NZD is a good example of PA momentum stalling and holding underneath a strong weekly S/R level, so looks to be a candidate if it follows traditional patters!!! But then what do I Know? Wait for the move to pick up momentum and run for while and then enter in the direction PA.Ignored
I am really so happy to see that you are posting again. Love the new charts and explanations.
Formula for success: Rise early, work hard, strike oil. J. Paul Getty