FX:USDJPY   U.S. Dollar/Japanese Yen
290 5 6
Hidden Divergance for bearish , and clear line of former support playing resistance now .
last tme the price reach this area is 01-01-2009
nawras.elghorani
3 years ago
Bou_zid, with all the due respect no I do not think bulls have more strength any more
I have noted many weakness signs on weekly,daily and even 4 hours charts.
I would bit that from today 11-9-2013 the down move will start. let us see if this is going to happen :)
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nawras.elghorani
3 years ago
And yeah we are moving
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traderWgun
3 years ago
I agree with the sentiment (short and medium term) and there is hidden divergence,
but note that hidden divergence most be between two equally significant highs or lows,
not a corrective high/low vs major high/low (this is as far as I know and have read,
but I have no source for it so I can understand if you disagree)

snapshot


Another thing - hidden divergence is used mainly for avoid bad trades,
but can also be used for taking trades. This is mainly because it's not
as reliant as normal divergence ( once again my own views, not written
in stone)

I hope you don't feel I'm preaching on you, I just think we can learn for each other.
The best of luck, friend!
Reply
traderWgun traderWgun
3 years ago
Here is another example of hidden divergence working out beautifully with two significant highs
snapshot
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