Don't Dive at the shallow pool
Aggiornato
It is common sense that if you want to play diving , jumping at the pool, you look for the deep pool that is 1.8m and above so that the depth of the pool is able to cushion the impact.
However, common sense is that commonly practised. Sometimes, I see parents not supervising their kids and allow them to jump at the shallow pool and taking a big risk of injuries.
Similarly in trading, some short sellers for regrets of not able to participate in the earlier shorts, decide to go big on their positions and short at the near bottom. From the chart you can see, there is a high possibility of a rebound soon, probably next week.
The chance of it falling to 1.86543 is slimmer and the risk is much higher if one wants to short this pair.
However, common sense is that commonly practised. Sometimes, I see parents not supervising their kids and allow them to jump at the shallow pool and taking a big risk of injuries.
Similarly in trading, some short sellers for regrets of not able to participate in the earlier shorts, decide to go big on their positions and short at the near bottom. From the chart you can see, there is a high possibility of a rebound soon, probably next week.
The chance of it falling to 1.86543 is slimmer and the risk is much higher if one wants to short this pair.
Nota
selling firepower too strong, do not resist it. It has broken down from 1.86543 and retested 1.85614 now. Could it heads south to retest 1.80748 ? Watch AUDUSD pair for clues.
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