Maxtar
Short

GBPAUD Short on divergence and broken trendline

FX_IDC:GBPAUD   POUND STERLING / AUSTRALIAN DOLLAR
69 4 1
6 months ago
On the 4 hour chart there was divergence between price and the RSI . The price did not broke the down-going trendline which was formed from 24 august 2015. Now the up-going trendline from 21 april 2016 is broken. The price is now making lower lows and lower highs on the 4 hour chart. so Risk reward is good enough for me to short the GBPAUD             .

I'm just starting with publishing so every comment is welcome. I have a lot to learn.

I also will make an other publish later on a weekly of a cup and handle pattern that is formedon the GBPAUD             from 2009. which will be a long position offcourse.

Make your own tradingplan, I'm not responsible for your own decisions.
6 months ago
Comment: Trade closed: stop reached
Maxtar
6 months ago
snapshot


Down-going trendline 24 august 2015
Reply
Maxtar
6 months ago
snapshot


Cup and Handle formed from 2009
Reply
ersinfx34
6 months ago
hi you are welcome. i like your indicator. how can i get it? maxtar
Reply
Maxtar ersinfx34
6 months ago
All credits to Lazybear it is his indicator which i wanted to adapt with more options. but have not the knowledge to do. But i allready made changes (cut out the MFI part) and also the name. so it is not much different than his
Indicator: MFI or RSI enclosed by Bollinger Bands
script.

So again, all credits to Lazybear for this.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out