CapMoore

Divergence analyse and trading ideas

FX:USDCAD   U.S. Dollar/Canadian Dollar
389 8 1
Currently price shows a Bearish Divergence, still
to trigger it and break the uptrend, ideally price should
create a lower low and take out point A to confirm
the reversal. Price also shows Hidden Bullish
Divergence (green lines). An idea for longs is to look
for a break of the current consolidation OR a test
of the Weekly S1 OR/AND a bullish cross on MACD
S1 should hold retracement in a bull trend.If price
plunges and takes out Point A
look for shorting the pair.
http://www.stock-charts-made-easy.com/positive-divergence.html
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Apparently some alternative name used with stocks for Hidden Divergence.
Hidden Divergence is the commonly used term by FX traders.
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On the largest FX resource on the net you can learn more about Hidden Divergence http://www.dailyfx.com/forex/education/trading_tips/post_of_the_day/2013/01/25/Learn_Forex_Trade_Stochastics_With_Hidden_Divergence.html
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The GREEN divergence lines are POSITIVE DIVERGENCE, not Bullish Divergence....just thought Id mention it!
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Hi, never heard of positive divergence. Bullish divergence is the term used by traders.
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You differ between Bullish and Hidden Bullish Divergence, The first one indicates reversal, the other one
continued trend.
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There are many resources on the net about these important trading concepts. This is just one place to learn more:
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CapMoore CapMoore
http://www.investopedia.com/forex/news/dailyfx/usoilmacddivergencecreatestrendingmarketentrys.aspx
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