AlexxChan
Short

AUDUSD Bearish Divergence

FX:AUDUSD   Australian Dollar/U.S. Dollar
4 months ago
RSI giving a signal that it's about to go down. Coupled with prices hitting the upper edge of the bollinger band , I expect prices to fall in the short term.
4 months ago
Trade closed: target reached
4 months ago
Comment: It's been a wonderful week so far 6/7 trades activated went perfectly
snapshot
piptamil
4 months ago
Thanks Alex...
+1 Reply
piptamil
4 months ago
Great insights
+1 Reply
AlexxChan piptamil
4 months ago
Thank you!
Reply
den_
4 months ago
Wow! Good job Alex. And thank you for posting your ideas, i am trying to study it because I like using RSI and bollinger bands. More power and good luck.
+1 Reply
den_
4 months ago
Oh. By the way, you are using MACD-RSI indicator instead....how do you use it in your analysis? thanks Alex!
Reply
AlexxChan den_
4 months ago
When I'm looking to enter my trade, I use RSI and MACD to see if it corresponds to the position that I'm about to take. For example, if I'm shorting it, I'll see if prices are over bought or not. If I'm shorting it and RSI and MACD indicates its highly oversold, I'll hold back my position. Then there's also divergence in RSI, which I find the most useful. It's great especially in the higher timeframes. Divergence coupled with prices hitting the top/bottom of a bollinger band is a great signal to play off of.
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den_ AlexxChan
4 months ago
thank you Alex
Reply
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