(4h) Bullish, but i need Divergence...

FX:AUDNZD   Australian Dollar / New Zealand Dollar

... so i need a new lower low, or a double bottom at bullish divergence

Safe Trades;
I consider it a valid analysis; adding to it is the pending entrance area is near corrective A finish and start of B; I project based on Fib-time, next Tues or Wed, we may see a good entry opportunity. Target entry zone, 10800, SL 10745, PT 10950. Also agree to wait for the added confluence of divergence and or price-action as well; neither is present for the moment. In comparison, I'm more willing to go for the corrective B finish and start of C cos' it's more along the trend than counter trend.
gcplau gcplau
@gcplau, second entry zone should be 10740~10800 subject to PA; divergence is a minimum requirement in this case. Set SL at 100pips below entry point and R/R 1.5. That would make more sense to myself.
@gcplau, i believe that my friend, but at the same time i have no motive at that price for entry, and i don't use 100 pips at stops :) to set my stops at 100 pips i need to decrease my initial volume of negotiation and the financial return is not acceptable. I will stay loyal to the advanced pattern formation ;). And btw, good to see you again, and thank you very much for your approach. All the best. André
gcplau Andre_Cardoso
@Andre_Cardoso, thanks for your explanation and your kind word. I have not yet finished learning your published harmonics and I believe I will finish them soon or later. All the best to you too and thanks for your generous coach so far, you are one of my best friend here.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out