Just_PIP_it

Bearish Hidden Divergence on the Daily

Short
FX:EURAUD   Euro / Australian Dollar
Looking for a small pop Monday, but staying below previous highs, if so this could be a great short entry; looking for a re-tracement of about 90 pips to the Green line for my take profit. Being an uptrend no, need need to get greedy on the pullback.
Comment:
The take profit could actually be closer to 200 pips as we may get a trend change based on the hidden divergence signs. This would be a much better risk/reward ratio.
Comment:
Got in a little early Stop Loss @ 6380, looking for a pullback now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.