EUR 13 Aug summary 4hr higher low after divergence

These were my comments this morning "Fri closed a doji, D RSI still crossed below its moving average and under 50. Still some space before the lower trend line is reached. 4hr positive divergence, RSI crossed up but below 50. 1hr lower high lower low broken.  Either scalp buys in view of 4hr or wait for 1hr lower high to resume."

1hr arrow down engulfing close (closed below the last 2 candle closes) did give a trade down to the lower trend line.

 There were many reasons to buy, daily doji, 4hr positive divergence and a higher low positive close that followed it. The 1hr lower high did not follow through setting up a higher low with an engulfing positive candle (closed above the last 2 candle closes). A nice 5 min higher low happened on the close of the 1hr and a series of clean follow up higher low 5 min trades followed.