I first saw this on monday and subsequently the rest of the week my bias was turned to gbp bears and nzd bulls. I probably missed out on the now, as price did not turn bear until on wed.
I probably had no winning positions until wednesday when things started to turn.
On friday , 5pm h4 closed like this: I started phasing in positions. But overall, I could have done a better job. Over the weeks, I hv developed some ideas on catching the extremes. Looking to run out these theories and hope to apply them in the best manner soon.
A trade criteria
Some things are still missing. A bearish day expansion is much needed which will confirmed the change in h1 momentum. On friday close it was a sort of hammer which bounced off a support which i hv pre-identified. On one hand it was kind of gd to know where the levels are but on the other, will hv to think abt why in my haste i had entered a small short position right at support. Although overall trend is down, but hving the luxury of ft timing I need to be better at getting good positions into the trend. I hv pretty good levels and ways to foresee pivots but it is still the execution that is letting me down from even better success.