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UnknownUnicorn157482
Nov 17, 2020 9:17 AM

Divergence with MACD in AUDUSD 4h Short

FX:AUDUSD240
Australian Dollar/U.S. DollarFXCM

Description

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Divergence between the price of the AUDUSD and the MACD indicator near the Resistance at 0.73500. If it's rejected again, I think the price will look for the 200 period MA.

My strategy:
Risk/Profit Ratio: 1:5
  • SELL STOP 0.73500
  • TP 0.72500
  • SL 0.73700
Trend AnalysisChart PatternsTechnical IndicatorsAUDUSDTechnical AnalysisDivergencerookie
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