A Hidden Divergence pattern spotted on the Weekly chart and the start of a Trading Zone on the Daily. Waiting for entry signals on the 2 HR chart.
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DislikedFor a successful trader it's important to know how to handle Hidden divergence. What is the best tips for this? Anyone know... please share itIgnored
There might be some other signals, but those are the ones I see more often.
DislikedSame for AUDUSD. There are many opportunities developing right now. {image}Ignored
Disliked{quote} I guess you get the idea. You can also add that price reacted on the 0.618 major Fib level before going up, which is a good sign. Also, it is a matter of personal choice, but I like to switch to a lower timeframe when comes the time to enter. In your case, I would have entered at the yellow circle on the 15 min chart with a risk lower (around 20 pips) than in the 1HR chart (around 40 pips). In the 15 min TF, price already reached the target of RR=1:1. {image}Ignored
Disliked{quote} it's probably gonna go down. weekly HD down, daily pull up, looking for opportunity to shortIgnored