12 Hour Retest! (+/- mins) AUD Bounce!!

Have been observing the 12 hr retest phenomena with interest in several markets. Today AUD very briefly raced down to the prev 12 hr low and then reversed up, consolidated and exploded above recent days action. Trigger seems to be to let the other side of the world take a look at a price level and react accordingly. 12 hours in this case was 6 mins off but close enough to trade if you have both time and price level cues. Plenty of time to observe, prepare and enter trades with major price action not moving up until over an hour later with obvious long intentions. Go back a bit further to see the price level that contained (for now) this move. Looking at Daily chart you can see price bars at low side of Regression channel or Bollinger, few days back first try up and last few days retesting low, now heading up. Take a look at major turning points 12 hours back on your charts for possible opportunities on various tradeables in your own time zone!!!

ความคิดเห็น:

Reminds a bit of Gann's 180 degrees!

ความคิดเห็น:

Tradeview did something with the hr, I wrote 12 hr +/-