Disliked{quote} Thanks for your weekly analysis Rayner, it's been really useful, as usual! I wanted to ask you a couple of questions: - Are you recommending to go long on GBPAUD or it was just for the purpose of showing its trend in your example? Since you also recommended to short EURAUD, going long on GBP AUD would mean trade short and long on the same currency (AUD), which was something we should avoid as you told us - EURAUD H4 looks strong and nice trend, but I remember you told us to trade always the stronger/weakest markets, and that's not the...Ignored
Yes EUR/AUD isn't as weak compared to EUR/USD based on the monthly chart.
But in the more intermediate term, it's showing signs of weakness compared to EUR/USD. Looking at the last few days or so.
I'm not recommending any longs on GBP/AUD. It's just an illustration on why trading chart patterns blindly can be dangerous.
fartist
Whether you can or you can't, you are both right.