week20 CHFSGD h4 mean reversion counter trend hypothesis

D1

very strong bearish trend for past 2 days but currently price suggests overextension.
I see a d1 support level as well.

week20 CHFSGD D1 mean reversion counter trend 120514

h4

on h4 a flying buddha candle has been seen but now requiring another bull candle to confirm this oversold situation.
D1 level is one of the key factor that drives this trade.

Tp will be conservative at this point of time, not sure how things may work since price overall is still bearish.

week20 CHFSGD h4 mean reversion candle 120514

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