Friday 24 February 2012

Divergence at key level on AUD/USD

AUD/USD Hourly

Watching price at 50 % Fibonacci Retracement, zoom out to smaller time frame...

AUD/USD 15 min

As usual a divergence setup with a bearish divergent bar (Wiseman 1), Sell at 1.0706, Closed when it rebound at 1.0686 for 20 pips profit, not bad... Tried to hit the home run, targeted price at 1.0610 (near daily low) but price rebound..

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