Monday 24 October 2011

This is why I love AO Divergence

EUR/USD Hourly

Whenever I see a divergence, I'll be looking for a false break, a tight pattern or fail to break new high (abc pattern).

For this one there was a false break with bearish divergence bar, sell at 1.3879 (one tick below bdb low). Closed half of my position near support at 1.3830, + 49 pips and Closed half at 1.3770 (close above the green line), +109 pips... Total profit, +79 pips.


No comments:

Post a Comment