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Lesson Learned: The Cost of Ignoring Divergence in $EURUSD
Back in 2022, I kept buying dips on $EURUSD purely based on support levels, ignoring the clear bearish divergence developing on the daily RSI. Ended up getting chopped out multiple times before the significant drop, effectively giving back weeks of gains from earlier in the year. The lesson stuck: technical confluence is crucial; don't anchor to a single indicator or support zone.
1 comments · 1 points
That's a classic trap, focusing on one aspect while ignoring the broader picture. Confluence definitely provides a much stronger foundation for trade decisions. Did you integrate other indicators or price action analysis to confirm the divergence after that experience?