I believe that we are entering a range. I am looking for over sold (use stoch or RSI or Bollinger bands before entry, we want to see over bought). I think we can push toward the middle line showing in chart. Set TP to the easy 04:1 ratio with previous structure for SL protection. Lets grab this bag ladies and Jellyspoons!
This is a one hour mean reversion play. We are over bought on the 1hr and 4hr. Using a previous structure on the D1. TP is a soft 0.4:1 RR. Market entry unless you have the cold blood to wait for a pull back.
We are bouncing in this range highlighted by the solid white lines, we are currently over sold. Limit order is placed at previous structure near the lower part of our range and we are going to shoot for a soft target of 0.4:1 ratio. GBPNZD has been paying us all week, why not try again.
We are very oversold on the higher time frame and we appear to be trapped in a range. We are at the low end of the range. Gave us a healthy stop loss below some previous structure and we are going to target the golden 0.4:1 ratio which appears to be a soft target.
We pulled back to what is my opinion the relevant low of this trend and it seemed to hold. We are grossly oversold on the higher TF. Set up mean reversion idea here with the soft 0.4:1 TP. Sl is a bit below previous low and should give us plenty of room to bail out if price action doesnt suit our idea.
We have developed a nice lil sideways range here. Set a limit order at the wicking to the left of our buy/sell tool with SL above the previous high. We are shooting for TP that is just above our median/middle of the range. We are overbought as of now but suspect we will comeback to test that upper range.
Still bouncing around in the range, looking for a pull back at the top of the range. We are over bought on the higher timeframe. SL at previous structure using the 0.4 ratio for TP
Trend looks health, we are over sold on the higher TF. Using previous structure for SL and we are shooting for a 0.4 ratio for TP.
Overbought on the 1hr, JPY has been eating our lunch all week. Trend looks strong. SL at previous high, using a 0.7 ratio for TP
We are grossly over sold on the higher TF. We look like we are developing a range and we are at the bottom of the range. Using previous structure for the low and a 0.4 ratio for TP.
We have been riding the grossly overbought area for some time, price is wicking in our favor. Set SL to the previous structure and we set TP to the 0.4 ratio on the tool.
Looks like the trend is rolling over, we are grossly over bought on the higher TF. Support we are using previous high and we are using a 0.4 ratio for TP
Third time we have been dramatically over sold, price has been short unanswered for quite a run. Looking to take a quick pull back. SL set to structure TP set to 0.4 ratio
We have been oversold on the higher TF for quite sometime, we also have a respectable bearish push with no pull backs. Used sizeable Sl and using a soft target for TP. There is an imbalance just above TP, suspect we will shoot to fill-in that gap.
Another Mean reversion play. We have been over sold for a very long time, we have had a fairly long bullish push with no pull back. Using previous structure for SL and a soft 0.4 for target.
Another Mean Reversion idea We have some evidence the market wants to push up bit the wicking shown by the arrow. We are grossly over sold on the higher TF. Used previous structure for TP and using a soft target of 0.4 ratio
We are over sold on the 1 hour time frame, trend appears to be bullish with no clues we will have reversal at the moment. I think we will retest the highs before we see any bearish reactions. Set SL at previous structure and we set TP in what appears to be a soft target on the way to the retest.
Same play we took on CADJPY for same reasons. Trend continuation play suggesting we are bearish but we are very overbought on the 4 hour time frame. SL is at previous structure and the TP is at the 0.4 ratio