A good 2nd divergence after a pullback and support line is good.
Cons is; there is a strong trendline on the top plus signal bar is not strong.
at 84usd a long position with 400 share 1000kchf risk.
Possible shorting entry at the end of this hour is the bear bar will be full though we dont have any divergence on the daily graph.
Pros: Triple up, divergence, below the trendline
Cons; divergence is not significant, no divergence on the daily graph
Action; strong bear close as signal bar then get into the ...
After the 4th divergence there's bull set up with a good follow up and 3rd bar reverses though not significant.
Didnt enter the 4th as it was a long set up with low position sizing if th3 4th bar is a good bull bar i can get into the long position with 500chf risk.
Many divergences falling short & creating new lows in a predefined channel - similar to the move of AUDNZD at the end of 2015.
If they will have been entered as reversal many of them will have been fell short.
In the last couple of lower lows we are on the upper half of the ...
USDTRY chart had a very good second divergence to short that normally i would have taken very likely. The thing that bothers me it the length of the signal bar & bullish return at the end.
Follow through was no as strong & the trendline is not broken so will wait for the 3rd divergence for a reversal and can take a ...
IN CSGN we are at the 2nd divergence and a good bull reversal sign though
One of the negative point is currently we are at a historical low not broke any trend-line though supported by 2 trend-lines.
And the volume of bull reversal is below MA.
Today's opening i will put a stop at 11.24 and entry at 11.50