gbp has lost a lot in last days due to brexit rumors, but probably uk will find a deal with europe...usd is beginning to lose its strenghts, today ISM data was weak, I think price can start to push high strongly, we need to wait 10 sma crosses 50 sma in h4, when this will happen I will buy strongly but the candle of the break needs a high volume in order to avoid fake upside movement. risk under 2% for this trade
Trade active
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10 sma h4 crossed 50 sma h4 about 10 hours ago and I bought strongly at 1.26467 now I am making around 35 pips great I set my stop loss at breakeven and take profit 1 is at 1.2800
Trade closed manually
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My trade has been closed today after NFP data with a big profit, I closed it at 1.27560 with a gain of 100 pips
hi. that is called convergence rather than divergence. when the trend is strong it usually doesn't care about such technical things.
Dragon_Investments
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@alexey-m, hello this would be a convergence if rsi had formed new lows but it was not able to do it.... The technical name is bottom failure swings as trading books say.... Anyway I agree with you because trend is strong, I am waiting SMA crosses, price will push up in my opinion but I am still waiting I do not want to risk