AUDCHF's massive 1+% turn & learn the strategy
Updated
I know that I posted just after New Year that AUDCHF was crossing up on the MACD Daily which is the big chart to watch for these reversals.
I also made money today on AUDCAD Long and it was similar to this pair, in fact it was more oversold in recent days. I took the reversal on the 30 minute chart.
Why would I take the trade on the 30m chart?
Like most trades we drop to a smaller time frame for more precision and accuracy. But there's an even more important reason why I chose the 30m chart.
You see, going against conversional wisdom that says these RSI MACD oversold overbought reversals do not work. Well they are wrong. They don't want you in on the money but I think the main reason would be that someone has taught them the wrong approach.
What if I told you that the Instruments that are heavily and deeply oversold and overbought are the ones that will reverse much much better. An over-stretched sling shot will reverse fire with greater momentum.
But its baby steps at the start. For example, when I barged in on the market-maker turning AUDCAD and I always feel I am intruding, haha, but these pairs found their momentum later in the Asian session.
I had to tell the crew of AUDCHF via a screen message at about 2pm during this session yesterday that there bullish head n shoulders patterns on the 1,2,and 3hr timeframe. It looked to me that because this pair was on a Double top at the time that if I did not alert someone then it would've sold off.
Right at the end of the 20m video I show you how to easily work out which ones are deep deep and ready to turn. Thanks for watching.
Ps. This guy, who I won't name on tv sprouting that bitcoin is winding right back very soon, it better b happen.
That is why when I am not 99% sure about a trade I do not advertise to the tv community anymore because too many people can get financially ruined. I am not having a go at the tv signals crowd on telegram, I am talking about ones who say bitcoin will tank because all boats will fall and I have a lot of crypto positions at the moment. I made money today but I lost also in the US session to the USD. The market maker rode GBPUSD right into the ground over 1.5% and I pulled the mm up and it was clear to me that it was a pump and dump liquidity shop and then turn the price. I gave it to them, meaning I told them what I really thought and I won't quote that. Fundamentally something must've also happened to GBP because they all performed miserably.
I also made money today on AUDCAD Long and it was similar to this pair, in fact it was more oversold in recent days. I took the reversal on the 30 minute chart.
Why would I take the trade on the 30m chart?
Like most trades we drop to a smaller time frame for more precision and accuracy. But there's an even more important reason why I chose the 30m chart.
You see, going against conversional wisdom that says these RSI MACD oversold overbought reversals do not work. Well they are wrong. They don't want you in on the money but I think the main reason would be that someone has taught them the wrong approach.
What if I told you that the Instruments that are heavily and deeply oversold and overbought are the ones that will reverse much much better. An over-stretched sling shot will reverse fire with greater momentum.
But its baby steps at the start. For example, when I barged in on the market-maker turning AUDCAD and I always feel I am intruding, haha, but these pairs found their momentum later in the Asian session.
I had to tell the crew of AUDCHF via a screen message at about 2pm during this session yesterday that there bullish head n shoulders patterns on the 1,2,and 3hr timeframe. It looked to me that because this pair was on a Double top at the time that if I did not alert someone then it would've sold off.
Right at the end of the 20m video I show you how to easily work out which ones are deep deep and ready to turn. Thanks for watching.
Ps. This guy, who I won't name on tv sprouting that bitcoin is winding right back very soon, it better b happen.
That is why when I am not 99% sure about a trade I do not advertise to the tv community anymore because too many people can get financially ruined. I am not having a go at the tv signals crowd on telegram, I am talking about ones who say bitcoin will tank because all boats will fall and I have a lot of crypto positions at the moment. I made money today but I lost also in the US session to the USD. The market maker rode GBPUSD right into the ground over 1.5% and I pulled the mm up and it was clear to me that it was a pump and dump liquidity shop and then turn the price. I gave it to them, meaning I told them what I really thought and I won't quote that. Fundamentally something must've also happened to GBP because they all performed miserably.
Note
Spelling: Conventional.
* Tradingview.com does not even allow the AUTHOR to update what is written after only 15 minutes elapses.
Trade closed: target reached
I always said this was a short term about 1 week pump and dump. These occur when things get very very oversold.
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