hirobo
Long

Third Divergence Bull

FX:AUDNZD   Australian Dollar/New Zealand Dollar
35 4 1
A divergence was shown on the Momentum Indicator for every price increased. Red and yellow arrow. The green arrow could be the finally test on the historical support zone .
How many divergence required before it really going to bull?
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hirobo ZaliQifty
Hi, the number of divergence is an observation. As you can see, it had breakout and retested the yellow zone, it is unlikely that it will be bullish, thus you can disregard or close any existing trade that you are having.
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as of to date, looking quite good, looks like double bottom, and quite a major support in Daily TF. anyway thanks for your explanation. Cheers!
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hirobo ZaliQifty
Yup, looking good. Maybe can stick with the plan. Or adjust the SL to the recent double bottom low.
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