FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 202
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Is this a downward divergence rather than an upward divergence?
Deevers above the chart are down, below the chart are up.
I actually see the strongest convergence-convergence- on H1, beaten on 9-10 June on M30, missing on higher timeframes. However, for some reason I don't see it as a reason to go down, although I have often done so!
TheEuro/Dollar important levels are: 1.2399, 1.2346, 1.2324, 1.2394, 1.2163 и 1.2127. Here, short-term downward movement, we expect in the corridor of 1.2163 - 1.2127, from here the probability of reversal to the top, with the subsequent formation of the structure is high. Breakdown of the level 1.2294 will be followed by short-term upward movement, in this case the target is 1.2324. Breakdown of the price of the noise range 1.2324 - 1.2346 will predispose to the formation of an upward structure, here the potential target is 1.2399.
Trading recommendations:
Buy: 1.2294 Take profit: 1.2324
Buy: 1.2346 Take profit: 1.2395
Sell: 1.2160 Take profit: 1.2130
only in the upper chart you have one divergence 9.06 19:30 - 10.06 11:30 that worked fine, otherwise there is no divergence
Well, there are two divergences 6 19:30-10 19:30 and 10 19:30-11 at 19:30, but they didn't trigger anything.
Guys, the eurofrank has been a tasty chart for a month now, "togle from the borders" and no questions asked.
Guys, the eurofrank has been a tasty chart for a month now, "togle from the borders" and no questions asked.
Yes! You can make a simple owl and you just have time to count the dough.