Disliked{quote} A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.{image}This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips. But is it a reversal, or is the TDI just showing a tradeable pullback?Ignored
GBPAUD Apr01 New York Close
- I see a month-end pause and no reason for a reversal at this moment.
- GU is most sideways chopping up and down
- AU is stronger and can take GA lower to the old levels 2018, 2017.
> a Daily breaking and closing below 1.7434 would be my signal to sell
> next MN level below is 2017 1.7348 would be the first target
> then lower to 2016 1.7114
> after two consecutive bearish months...
"anything can happen this month"
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
2