Bill Williams Awesome Oscillator Trading Strategy on AUDNZD 1 H
I am waiting for the Awesome Oscillator to cross below 0 line on my 1 H chart. As soon as the 1st red bar post I will enter. I will exit when two consecutive green bars display on the AO. This has the potential for a big move. On my MT4 I have additional entries at these levels - 1.05449, 1.0527, 1.0507. These entries were based on past Sup/Res levels. My exit for all of these additional entries is 1.0480 based on a past res level.
Note
4 hours have gone by. Price has bounced off the AO 0 line long instead of breaking below the 0 line short. This is a great rule to help filter out a trade that is not ready yet or the timing is wrong. I will keep this post open until US session begins tomorrow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.