Today, we had some established trends before the London open including the EUR (pink line) on the upside and the AUD (orange line) on the downside.
But, trend reversed and these currencies started going the other way. About 11 minutes into the session, we see that the original trend continues and the EUR is moving up with a steep line to the right (indicating current momentum) and the AUD is moving down very steeply.
I put the entry at the high of the price bar where we saw the momentum on the indicator as a worst case scenario. From that point, price went up about 70 pips.
When you watch the entire video analysis below, I’ll show you a few more profitable trade set ups from today’s session: