This idea is to showcase the same strategy we are planning on the daily on USDCNY.
This is the same game plan as our daily idea on USDCNY. If we took this trade the strategy would tell us to place our stop above the high when the divergence is formed. Our profit target would be placed at 50% of the entire divergence move or 100% targeting the low of the first high that created the divergence. If the daily plays out using the same strategy as the weekly your target will be achieved. If the weekly plays out a bear divergence as it did here then our daily trade will get stopped out and we should look for another weekly divergence to enter using the same strategy.
