USDCAD, Daily, 2010 August 24 - Trade Example
Preferred Trades: P1 (Enter Long), P2 (Enter Long), P3 (Exit & Enter Short), P4 (Enter Short), P5 (Exit & Enter Long), P6 (Exit & Enter Short), P7 (Exit & Enter Long), P8 ? (Exit).
Trade the range between 1.0165 - 1.642 and be aware of breakouts at the top and the bottom of the range band.
- P7 candle shows a hammer at the bottom range band.
- Daily divergence 1 and divergence2 is a powerful argument for an market entry.
Preferred Trades: P1 (Enter Long), P2 (Enter Long), P3 (Exit & Enter Short), P4 (Enter Short), P5 (Exit & Enter Long), P6 (Exit & Enter Short), P7 (Exit & Enter Long), P8 ? (Exit).
Trade the range between 1.0165 - 1.642 and be aware of breakouts at the top and the bottom of the range band.
- P7 candle shows a hammer at the bottom range band.
- Daily divergence 1 and divergence2 is a powerful argument for an market entry.