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I was also considering that this was a new structure and price high, and with the divergence, and the double top, the trend momentum was over.
This pair has been on an unbelievable up trend long term and the bottom line here is that counter trend trades are about 50/50, even with good set ups.
QuoteDislikedI saw this one as i like the kiwi because it trends so well, which is why i didnt take that trade, I dont like counter trend trades on that pair.
I was also considering that this was a new structure and price high, and with the divergence, and the double top, the trend momentum was over.
This pair has been on an unbelievable up trend long term and the bottom line here is that counter trend trades are about 50/50, even with good set ups.