Can we catch trade 2 of this CYPHER? 40 pips Follow @Bizlus
Action: Buy TP1: 1.2615 TP2: 1.2686 SL: 1.2483
Action: Buy TP1: 1.3008 TP2: 1.3032 SL: 1.2957
All QF Rules Met 1. Scan Entry Line 2. BB's hit 3. Above 70 RSI 4. Divergence (Simple Divergence Indicator) *Possible 25 Pips Now following CDX fork for more trades
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
Beautiful validated pitchfork. After Quickfire validates the scan and the pitchfork, price comes back nice to the upper parallel of the CD-X traditional Pitchfork, touches it and moves of. Almost no drawdown :)
ENTRY: 1.58217// SL: 1.5784// TP: 1.59120