New pair trading opportunity today?

VGK/EXG is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.

1. ADX: Indicates no prevailing trend in the pair.
   
2. Correlation: Remains high.
   
3. Price: Positioned in the oversold area.
   

I will monitor the market throughout the day and make a final decision on this trade by the day's end.

Yorum:

Although all indicators look favorable for this trade, I have decided not to enter it. After reviewing the historical performance of trades in this pair, I found an even split of 50% winning and 50% losing trades when all indicators triggered entry signals.

Given the importance of risk management in trading, the risk associated with this trade is too high. Therefore, I will pass on this opportunity.

I will continue to monitor and provide updates as needed.

Yorum:

A negative trend entered, and the pair is going lower today.
Good decision to not enter!