FXPhantom
Long

Going long Gold on price/momentum divergence at support level

FX:XAUUSD   Gold/U.S. Dollar
1. Divergence present (momentum/price)
2. Price at support level
3. Missed daily pivot above

Go long targeting missed daily pivot around 1135, SL goes below 1120.
FXPhantom
a year ago
This one stopped out quickly. It was good idea to set tight stop loss.
Reply
timwest PRO
a year ago
It looks like momentum was under the previous correction low from 10 bars ago? Hence, no divergence?
Reply
FXPhantom timwest
a year ago
The candles in the area where I put the red line were in downward direction whilst the momentum was rising - this is a kind of divergence, isn't it?
Reply
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