I will try to keep you updated ahead of ECB and BOE Policy decisions, But I am not looking for Euro or Sterling, But I would try to opt to trade what I see and What others are doing as well, As If there is any Risk created by any unexpected events take place then we will see riskier assets like Australian dollar and gold sell-off.
It is not necessary that it will react as expected but violation and the first strong attempt will clear the way for me to enter, But this time we need to take excess risk but that is part and parcel of trading.
Keep an eye of Australian Dollar
This could be another situation of Supply overcomes demand and Every attempt has succeeded and liquidation follows but we need to keep and eye on the pair at this particular time Because of risk could totally reverse the pair and fade the recent momentum breakout.
We need to prepare ourselves and If you really believe in fading extremes or fading the particular price action attempt then you can fade out the candlesticks attempt and look out for much more deeper in-depth analysis (rather only candles),as it will really help you built a successful trading career.
When your thinking is unique and gives you edge, then Price action is in itself would seem not as complicated, but we make it simpler by our attempts and control of risk like such activities where you risk is very little and reward is totally 4-5 times of the risk and possibly a complete reversal.