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Sep 21, 2017 2:36 PM

GBPAUD 4H Divergence Short

British Pound/Australian DollarFXCM

Description

Price wants to go up. Macd is lower. Timing is hard to find the bearish reversal. That is why I am waiting until the Macd Blue line crosses below the Red line. This is my stop loss also if the macd Blue crosses abaove the Red line again. I will be going for 30 to 50 pips as a TP. This is my personal opinion and is not a trade signal.

Comment

Pair continued to rise above the trendline but then reversed short back below the trendline and to the 100 sma.
Comments
Tradingstrategyguides
Back to 50 sma not the 100 sma
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