Qmlpattern
AUDCHF FOR THE SELLRedistribution for the continuation play to the downside. Found a institutional candle that needs mitigation within the LPSY that formed during NY Session which holds significance from my recent backtesting. Found a few full volume candles at my POI on different timeframes which shows correlation and confluence. Measured the 50% & 80% as these two percentages are levels where market likes to react from based on backtesting. Have set sell limit at 80% of the 5M candle and SL just above the high of the particular candle of 3.5 pips.
AUDUSD [ SHORT SETUP ]Price is making manipulation to the upside and is now heading to the key level.
I will be looking to short.
But the key level has been tested twice now so I will be looking closely at the key level. If there was a reversal pattern on a smaller TF. I will look to short with SL not more than 15 and rewards more than 30 TP. 1:2 Ratio or more.
Tell me what you think.