Good morning folks! I hope everyone had a lovely weekend! (I was about to say weekly close… Ooops)
Has anyone tested waiting for a previous “counter” candle to be broken to count a TL break as valid instead of using the HMA?
An example would be EURAUD https://www.tradingview.com/x/TfIupYSY/
(I personally don’t usually wait for a confirmation, I rely on my TL drawings only but tempting to look more deeply into it)
Another example would be EUR/CHF https://www.tradingview.com/x/O5wIV6wM/
Here none of the zone were valid by looking at HMA, drawing it manually you could argue for 2, however, using the filter of waiting for a counter candle high/low you’d delete one
As always, I hope this makes you think a bit an consider how you use filters or adding them
If you have any comments I’d love to hear about it!
Anyway, back to the watchlist
Euro Aussie is on my watchlist
We’ve broken the descending trendline. broke the recent counter candle high and are approaching a retest of the TL + dip into the new area of demand, allin all I’m rather interested in what is going to happen here
Dollar Yen is alsoon my watch for a potential short, now it’s quite annoying to see the current 4hour forming a potential entry, since we could argue it is within an area of interest for a short, but at the same time, it’s not the absolute best.
Would be interesting to have data on that as well
Dollar SIngapore is headed (with quite a lot of momentum towards an area of supply, let’s see what happens here, I wouldn’t be overly surprised to see a clear correction once we reach it since we’ve basically been in a bull move for the last 7 days (including today) it’s quite rare to see such a long move up without a correction
Remains on my watchlist, a TL break will be very interesting for the overallmarket in my opinion
Quite bullish on dollar so I’m interested in the area of demand here, will we strongly break it or bounce fro there, it willbe more or less equal to parity on EUR/USD so it’s definitely worth watching
That’s it for today! Take care folks!