Let me share you this divergence I found on 4H and 15M TF. Both divergence can be invalidated if a curve on our awesomeoscillator go over the green horizontal line. TP1 is obtained on our 4H TF and TP2 on the 15M TF chart.
Analyzing the 1D and 4H charts, I will continue shorting. Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent. We are in an important selling area in which we have to be...
UP Fractal = Resistance, buy on breakout DOWN Fractal = Support, sell on breakout If Trend gets going, hold on to position until price closes above/below purple line. Watch for divergences in Momentum indicator vs. price. Watch for major and minor corrections that could indicate a new entry point or a slowing price. After a trend is done, prices will always...
Trying to simplify trading and keeping it clean. 1. Price was trending lower in a falling equidistant channel. Support/Resistance identified at 0.7239 - 0.7175 2. To current lows, strong divergence to the AO 3. Y'day price was a doji so a possible bullish close today could further strengthen the bullish bias --------------------- Trigger: Waiting for the AO to...