FX:EURAUD   Euro Fx/Australian Dollar
102 11 3
Targets 1.50, 1.52
Anyway, it doesn't matter who turns out to be right or wrong on a particular trade posted here. One trade doesn't matter - what matters is the strategy and its long-term performance. I consider every post on tradingview as a sample of someone's trading strategy. And every sample, even coming from the best-in-the-world strategy, contains some losers next to the winners. So, if your posted trade idea ends up with a profit - you're happy, but if with a loss - it doesn't necessarily mean that your strategy sucks, but that it just happened to be one of those losing trades, nothing more.
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Like2Move ForceFollower
Yes, of course.
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my setup here
snapshot
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Yeah, right. This pair still looks thunderstruck. :-) And I don't think we're past the stormy weather, yet. There'll be new lightnings coming from above. :-)
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itaskar ForceFollower
Haha, yes, I think that high voltage barrier will stops those wild bulls for a while :)
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My navigation instruments are saying the high voltage barrier is at roughly 1.4757. If it fails, the next one is at 1.48. Above it there's nothing special until 1.494-1.495 that's where an even stronger resistance lies in wait.
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Like2Move ForceFollower
I agree on 1.48.
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Why are you bullish about this pair? The loss of efficiency? The recent higher low?
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Like2Move ForceFollower
Reasons: 0A=BC, RSI oversold (D), RSI convergence (H4), 0.62 from last high, resistance zone (yellow trendline). Recent BC move contains 5 waves.
snapshot
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ForceFollower Like2Move
I guess you probably meant "RSI divergence" (although you're right, they look as if they were converging on a chart)? :-) However, I find this chart much better for a bullish setup. Now I see your point. Sure, you can be bullish based on that, although you're trading rather on the D1 chart than an H4. I was asking you, only because on H4 the trend is still down and I use the rallies only to enter short in this kind of market conditions. This pair still hasn't reached your yellow dotted trend line, which, I expect, it might do sooner or later.
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