OK... I have taken this trade.... SHORT @ 7553 STOP @ 7615 Target 100 pips... risk 0.3 % ...potential... 0.6 %
Trade goes because slow stoch has come out of overbought... Price is divergent... keeping in mind... this is not following exactly the Arizona Rules, as Arizona Rules say take divergence trades only when the red 62 ema is in between the 200 ema and 800 sma... The current order of the ma's say that price is trending ( and we know it has been trending up ) while divergence trades work best in ranging times...
Trade goes because slow stoch has come out of overbought... Price is divergent... keeping in mind... this is not following exactly the Arizona Rules, as Arizona Rules say take divergence trades only when the red 62 ema is in between the 200 ema and 800 sma... The current order of the ma's say that price is trending ( and we know it has been trending up ) while divergence trades work best in ranging times...