DislikedCan anyone help me out in understanding this chart? TDI shows steep downward RSI but Stochastic is at oversold. Is this a good short sell? {image} thanks!Ignored
Of course easier to swim with the current but there will always be obvious S/R areas where the current changes direction. From what I have seen to date the safer TDI cross for a short is under the yellow line to trade with the current. however most likely be above the yellow to short at good resistance level. On the Stochastic check the history of the stochastic on that and other pairs, it is possible for the Stochastic to shown oversold while the pairs continues down for several hundred pips eg daily chart of euraud from early June to mid July around 700 pips