IGM_OPTIONS

IGM_OPTIONS

Just to test the idea of my support-resistance line.

IGM_OPTIONS

Generally, I love using this indicator to give me the notice when the trend will reverse. Atm it shows that this pair is over the top, and there is big chance of reversal. Especially the liquidity void is obvious.

IGM_OPTIONS

I used the divergence indicator for this to confirm the reversal. I don't believe that the news will have an effect. The weekly time frame shows a bullish trend. But on 1H time frame, it is bearish, for now. I placed lower stop-loss just in case.

IGM_OPTIONS

The market atm is bearish, if the price of the pair drops again, to hit the entry lvl, because of the news, and you see strong bullish candle on the 1h-4h hours time frame, then its all in ;-)

IGM_OPTIONS

It's obvious that we are in the middle of making M pattern. The signal for the entry is that when the price reaches resistance lvl marked by the orange line, the trend shifts from bullish to the bearish trend, using as confirmations MOVING AVERAGE AND MACD or other indicators on the 4h time frame.

IGM_OPTIONS

There is a real pattern with this pair, that after it hits the rejection part that reverse should happen.

IGM_OPTIONS

I believe that if today news is in favor of CHF, after course reach resistance lvl, there is potential for the surge of AUD in favor of CHF, with huge profit in the game. Entry should be taken after the market turns bearish. And this is a conservative profit margin.

IGM_OPTIONS

I believe that NZD will be able to reach the resistance before the important news comes out.

IGM_OPTIONS

AUD/CHF tested line of resistance and it held, now just need to take profit.

IGM_OPTIONS

Potential retracement of CAD, if the news is on the side of USD.

IGM_OPTIONS

I will certainly try this divergence because of huge reward to risk ratio.

IGM_OPTIONS Updated 

I believe that this idea will work. Lets see!

IGM_OPTIONS

If the price hit target lvl of EUR/NZD I believe this could work. I also put 2 options, safe, and risky one.