I can't help being disturbed by this idea because of several things :
- on one hand my strategy is telling me to buy because on daily/4H there is too many criteria checked, this should go up.
- on the other hand looking at the global picture, we are already quite high on weekly and monthly so a reversal is bound to happen. An extension is very much possible also, that's why we are traders, because we never know what will happen!
I gave up guessing top and bottom since years now, but this is something my sub-self is always trying to play.
That's why I'm opening a small trade (0.5%) to try this idea. RR is too good to be true and this trade could take a long time... Look at my EURAUD long trade, opened since 6 months...
Anyway, take time to think before entering this and trade with your own diligence,
GL HF
- on one hand my strategy is telling me to buy because on daily/4H there is too many criteria checked, this should go up.
- on the other hand looking at the global picture, we are already quite high on weekly and monthly so a reversal is bound to happen. An extension is very much possible also, that's why we are traders, because we never know what will happen!
I gave up guessing top and bottom since years now, but this is something my sub-self is always trying to play.
That's why I'm opening a small trade (0.5%) to try this idea. RR is too good to be true and this trade could take a long time... Look at my EURAUD long trade, opened since 6 months...
Anyway, take time to think before entering this and trade with your own diligence,
GL HF
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It was indeed... risky! SL hit!
