GBPCHF, Daily, 2011 January 30
A Hidden Bullish Divergence might forces your decision for some enter longs ;-/
Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL).
This can be seen when the pair is in an uptrend. Once price makes a higher low, look and see if the oscillator does the same. If it doesn't and makes a lower low, then we've got some hidden divergence in our hands.
H1 & H4 make further out a strong case for trading it (see #1502, please).
A Hidden Bullish Divergence might forces your decision for some enter longs ;-/
Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL).
This can be seen when the pair is in an uptrend. Once price makes a higher low, look and see if the oscillator does the same. If it doesn't and makes a lower low, then we've got some hidden divergence in our hands.
H1 & H4 make further out a strong case for trading it (see #1502, please).