nmike

USD / JPY Significant Positive Divergence

FX:USDJPY   U.S. Dollar/Japanese Yen
935 5 10
This could be a long term reversal for USD / JPY. Long if TRIX goes above mid-point (almost there). Use pull backs on lower time frames for entries.
>>>>>> this is why I love divergences, especially on long term frames like the weekly and monthly
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I have been thinking about these divergences on different time frames. Would you say as a general rule of thumb, the larger the time frame the bigger the move and the longer it may take to play out ?
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nmike MOD littleriver
@ littleriver yes indeed, but sometimes corrections can come fast especially with individual stocks,take a look at this chart of ABX
snapshot
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nice..........above REDS......
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>>>>big green candle above channel in progress, TRIX currently above mid-point
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