Here is a great example, EUR trend on D chart is down (RSI below 50, D cycle of lower highs, lower lows ongoing). 1hr sell divergence back into D trend.
Tuesday, July 10, 2012
Divergence trend or CT
I talk (at forex factory) about divergence that is counter trend or divergence that is returning to trend on lower time frame.
Here is a great example, EUR trend on D chart is down (RSI below 50, D cycle of lower highs, lower lows ongoing). 1hr sell divergence back into D trend.
I'd much rather be trading this 1hr divergence than 1hr divergence that is against the D trend.
Here is a great example, EUR trend on D chart is down (RSI below 50, D cycle of lower highs, lower lows ongoing). 1hr sell divergence back into D trend.
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