Another divergence study, this time on USDZAR. Divergences on the weekly chart calls only for corrections. On the daily, there have been some reversals, some more profitable than others.
The triggers for this study were bullish/bearish candle, blue impulse. No other factors taken into consideration.
There were 26 triggers, 16 were profitable, 2 signaled for very tiny corrections, and 8 of them had almost no impact.
Comments
MertErten
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post 08-2011 is when FED introduced stimulus packages.
triple top ~11.30.
I would only take long trades in this pair because of ZAR political instability etc.
triple top ~11.30.
I would only take long trades in this pair because of ZAR political instability etc.