I read over the weekend that the EURUSD's implied 3 month volatility is at a 5 year low. Reassuring to know I'm not going crazy at how small and slow EURUSD has become. It's making trading very tricky as I'm still cautious of Brexit and GBP thus leaving me with EURUSD and EURAUD.
Thanks for joining.
To answer your questions:
1) Generally speaking I'd follow the continuation method before entering a divergence trade. Especially so in strong trends as you'll get multiple divergences appearing and it can be tough to know what to follow.
2) Not 100% sure what...
Sometimes it's better to be lucky than good and think that may apply here. Took GBPAUD after it rejected off of the top of the cloud and something has lit a fire on GBPAUD as it crumbled quickly. Closed for +58.
One of those weeks unfortunately with a few trades flirting with the TP and then reversing sharply and quickly. EURAUD was 0.8 away from home and then AUD dumped causing EURAUD to climb. Closed out for -4.