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Spyridon
Jun 15, 2017 1:14 AM

Divergence on EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

EUR speculative position has been at extremes and USD has been oversold. We also got a completed DeMark setup indicating a possible reversal. Today the market was expecting the Fed to be a bit dovish, instead they signaled they were staying the course and GDP expectations even increased. Im expecting dollar to recover and Eur to sell off.
Comments
voorkasystem
Your divergence is drawn in a wrong way - there should not be anything between the start & the end points on both lines, and places where you draw UP and DOWN (MACD and Market Graphs) should be identical with parallel lines. There is no divergence and I suggest to use RSI index with 13 interval in addition to watching videos online on how to spot and draw divergence.
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