Don't worry MarchFX. I wouldn't comment on your posting anymore. As mentioned, if you want to be successful, you have to spend thousands and thousands of hours staring at charts. You have been asking a blind to lead you. And that was your decision. Also trading is not about drawing lines here and there, fibo here and there ..... The biggest obstacle is that you have absolutely no idea of the macro picture and you are not trying to learn. You are trying to TEACH others! This is my last post to you. So all the best to you mister.
You confused me because you typed AUDNZD, which I would not even dream of buying... But then, 0.9033 didn't make any sense. So, I took another look at your post and saw that the image was of NZDCAD. I have a couple of other things to do right now, so I'll come back and look at the Kiwi-Loonie a little bit later. UPDATE: I see that NZDCAD has already hit 0.9033, so I guess the above question is moot. Given that the pair is overall bearish, I guess whether I would have bought it or not would have depended on the time frame I was looking at, and the asset's structure within that particular context. The answer (and take-profit target) would have been dependent on those two factors.
From my perspective, NZDCAD has been headed lower for, like, a-week-and-a-half. I wouldn't look to buy it until it starts heading higher, which might be days away.
Can someone please tell me how it has been going so far. I could not read the entire thread. Was it sustainable till now?
I can't really tell. I thought we would "get many such signals from 22/01/2021 here at Elite Trader." But, from what I've read since then, my understanding now is that at least three signals a month is where the bar has been set. (Not sure how such a strategy would enable a trader to make $$$ each week though.)
AUDNZD 30m Cup n Handle https://elitetrader.com/et/threads/cup-and-handle-on-bac.356343/page-2#post-5343626