AUDCHF NFP Trade IDEA
I am still sticking with the Central Point Strategy. Currently we have the Bulls in control as price is above central point. That does not mean a change can not happen as we all know that the market is very unpredictable. We are going to treat yesterday's low as support where we caught a price bounce off of. along with central point we can determine our direction at London session. Usually we wait the first 15 minutes after the open this time around we are going to wait about 35-45 minutes after 3:15 just because we want to make sure that we are gonna get a clear break out on the 15 minute chart with some strong bullish candles or otherwise we go the other direction. From our last trade idea GBP/USD we noticed at 3:15 am last night price had barely moved in either direction from Central point we are now going to take these types of set ups with more caution as probabilities are not in our favor. We want to trade the best set ups that come with the most levels of confluence. Place them with a healthy mindset and ride them to the next level of resistance or support.
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