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CLOSED TRADE: AUDUSD: BUY@0.71200 (-54 pips)

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
294 2 6
Closed trade, Prices have dropped and closed below the X point of the pattern and broken structure. This DOES NOT mean there's autpmatically a sell here. Will need to wait, re-analyze and then see.
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yes, AUD/USD does not obey bullish div..it keep on going down, out and wait but in my own view, upward is still possible from .7043
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Word of advice: Don't trade on divergence alone. Divergence tells you that SOME kind of reaction is coming. It does not tell you WHEN it will happen. So the divergence you see in this pair DOES signal some kind of turn but no telling when it will turn. And also, just because you see divergence in one tf, you may not see it in another. That makes it tricky to trade on divergence. The same goes for oversold.overbought indicators. May be oversold/overbought on one TF but not another.
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