ohitsZoya
Short

GBPUSD hidden divergance.

FX:GBPUSD   British Pound/U.S. Dollar
73 0 4
I believe we will get a bounce here from fib 0.382 level to give us another opportunity to enter short around 1.53. Anyway do your own thing i am sure all of you know how to set your targets for divergance :D.


Bearish Hidden Divergence occurs during a reaction in a down trend when the oscillator makes a lower low while the price action does not as it is in a reaction or consolidation phase. This indicates that the selling has not waned and that that down trend is still strong. The reaction is merely profit taking rather than the emergence of strong buyers and is thus likely to be short lived. As a result, the down trend is more likely to resume in due time.

If you need more information on it don't forget google             is your friend.
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