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MaceOSX
May 24, 2016 8:41 PM

EURGBP 4Hr Divergence Long

Euro Fx/British PoundFXCM

Description

Looking for pair to bounce off of previous support. Pretty clear divergence shown on RSI . Resistance levels are also well defined. SL @ 1.5x ATR

Trade active

Trade closed: stop reached

I guess my calculation was a bit off. Still happy with the strategy.
Comments
kmk.msp
Catching a fallen knife will always harm. After confirming H&S it measured target is 0.735-0.745.
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