DislikedEURUSD will close lower today, but if it doesn't, there is an extremely high probability that it will close higher.Ignored
Lool. I love your analysis.
Maybe suggestions and trading ideas would be better understood if they were accompanied by graphs, or at least more than 1 sentence explanation...
Saying it will go up/down isn't enough... When looking at a chart to prepare a trade one should have in mind the entry point, invalidation point (that will be used for setting sl) and tp (at least even if not a precise price, a probable zone is nice).
And about the overbought/sold condition, don't forget one thing :
- Continuous oversold condition is also found in big strong bear moves
- Continuous overbought contition is also found in big strong bull moves.
- Overbought/sold condition can be found in ranging market (in which oscillators such as RSI and Stochastic are working fine)
Maybe it would be interesting to signal not entries or presence inside the over condition, but rather looking at the point where prices leave this condition...
