akyong
Long

GBPAUD: A divergence retracement trade

FX:GBPAUD   British Pound/Australian Dollar
We have a completed divergence setup. Traders can now potentially wait for price to retrace back to the 2.1420 region for a long opportunity targeting the 2.1660 region.
Hi Akyong! may I know what is your RSI setting ?
Reply
akyong PRO Jeffrey_Sucipto
Period 7. Few traders have asked how I use the RSI to trade as well. So I will be releasing a short video to explain how we use RSI to spot potential setups as well :)
+1 Reply
Very interesting setups i must admit. Do you have a channel where you post your videos?
+1 Reply
akyong PRO AkashGaur
yes, the video is currently still processing.

https://www.youtube.com/watch?v=4bJxh4AOh_s
Reply
akyong PRO Jeffrey_Sucipto
here's the link to the video

https://www.youtube.com/watch?v=4bJxh4AOh_s
Reply
But absolutely well done !!!
+1 Reply
I think there might be no retrace and the price is going straight to target.
Actually, there was a retracement, when the 5th bar from the breakout bar spiked all the way down to 2.14210 !
Reply
akyong PRO Nicemate
yea, price can actually go straight up without a retracement. As traders, we just have to plan ahead so we can respond accordingly when price give us the conditions we are expecting :)
Reply
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of using divergence to plan a directional trading opportunity.
+1 Reply
akyong PRO walker.england
thanks! always great to know that I am contributing and my post is able to share some insights with other traders :)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out