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.
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
YouTube - https://www.youtube.com/user/akyong9
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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 walker.england
a year ago
thanks! always great to know that I am contributing and my post is able to share some insights with other traders :)
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Nicemate
a year ago
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 Nicemate
a year ago
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
Nicemate
a year ago
But absolutely well done !!!
+1 Reply
Hi Akyong! may I know what is your RSI setting ?
Reply
akyong Jeffrey_Sucipto
a year ago
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
Fxtoronto akyong
a year ago
Very interesting setups i must admit. Do you have a channel where you post your videos?
+1 Reply
akyong Fxtoronto
a year ago
yes, the video is currently still processing.

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

https://www.youtube.com/watch?v=4bJxh4AOh_s
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