Divergence on a bigger time frame, D or 4hr, is a great way to get an early warning of a potential counter trend move. When pa confirms the divergence with a good candle set up (such as a hammer or engulfing close), or you get a signal from indicators you have tested (RSI cross of its ma, RSI cross of 50 level, move through 8 lwma) a decent move will generally follow. Thats good use of counter trend divergence.
From 4th July its reasonable to say the downtrend on EUR continued, D chart lower high negative close through the 8 lwma, RSI cross below 50 level. Here the 1hr divergences shown are back into the D trend. A much lower risk than trading 1hr divergence counter to the D trend.
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