I've decided to execute a long AUD/NZD trade back to 1.10000 level. After seeing price retest the daily support, 50% fib, 50 EMA, oversold stochastic with multi-day rejection followed by a bullish engulfer, this trade seems like a no brainer to me. (Note, this is not a signal, just general market analysis)
Your RSI or Stoch is Divergency for Bearish. it is not showed over sold in daily chart.
UnknownUnicorn334611
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@thdehddns, I based it off of 4HR, not daily over sold.
InkyGrip
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Agree with your idea, we have similar vision here! thumbsup
thdehddns
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Hello Bro.. I think you have to look at my chart. You mislead it.
UnknownUnicorn334611
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@thdehddns, Hi, I'm not sure what you mean by 'mislead' it?
thdehddns
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@Forex101au,
UnknownUnicorn334611
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@thdehddns, There is a difference between 'mislead' and having different opinions on a trade. Remember, there is no right or wrong, you just have your own analysis.
thdehddns
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@Forex101au, I will give you right advice. I hope you have to check Weekly Chart first and then post your chart. Then, you will get more better one. Also, study, candle pattern and Fibo retracement. I believe there are strong tools in the Forex Trade.
UnknownUnicorn334611
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@thdehddns, So, basically what you're telling me is I have no clue what I'm doing in my analysis and your analysis is right every single time? Find this funny since I'm a Certified Technical Analyst with 12+ years experience trading. Any trader knows there are a million ways to trade, just do your own analysis and let others do theirs.