TOP DOWN Analysis on AUDUSD

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This Reversal Strategy was constructed to speculate on possible reversals.

You make a Top Down Analysis in the Daily Chart, find the Daily Floor and Ceiling and stay within the consolidation. The Entry is a lower high for sells and higher lows for buys, when you see a reversal within the daily frame.

This idea is based on the strategy but in a smaller time frame for scalping. I still use H4 zones for bigger moves.

The StopLoss on Forex is always around 10 and 20 pip. (20 pip for more volatile days)

The StopLoss on indices is between 150 and 200 pip in a low volume (small wig) environment and between 300 and 500 pip on high volatile days.

StopLoss on XAUUSD is between 50 pip in low volume and about 200-300 pip throughout high volatility.

Using this strategy when course arrives at Daily/ Hourly Key Levels (DKL/ HKL) is a little more tricky than entering at the floor or taking beginnings of retracements, get a feel for reversals so you ll know what I m talking about.

Also make sure not to confuse a retracement with a simple pullback.
Nota
Worked as it should.
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