Trading TREND or REVERSAL or BOTH?
Let's first understand what a trend is.
Traders say, "The trend is your friend."
Some add, "...until the end when it bends."
This phrase has stood the test of time because trends are critical to any trading plan. We try to identify the strongest trends in the market. Use ACS28 on a higher time frame (H4, D1, W) to get the strongest and weakest currencies and combine them to get the trend of a pair. Example: If we see JPY weak and USD strong, then we have an UPtrend in USDJPY.
Confirmation of the trend:
First, we see a strong USD against a weak JPY.
Second, we see supply zones being broken (9 in a row) but not demand zones.
We will discuss how to find an entry point on a lower time frame later. Stay tuned...
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Trading example on EURAUD, using a combination mentioned above.
The daily trend was still down and the lower time frames were opposite, but pulled back from Supply. It was confirmed with an iGAP of ACS28 from extreme levels and a speed flip of the Impulse Indicator. The TP was perfect on the pip just above demand.