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Hidden divergence

  • #4,161
  • Aug 2, 2020 6:05pm Aug 2, 2020 6:05pm
The basic fundamental is there to push EU higher. So I believe this H4 HD holds, it'll bring the EU up to 1.20.
Whatever is happening right now has happened before and will happen again.
  • #4,162
  • Aug 2, 2020 6:31pm Aug 2, 2020 6:31pm
Quoting mnmnmmnnmnmn
{quote} {image} Not sure if your MACD is up close to zero or not. Price has broken the 15m structure previous high. Looks like H4 20 is holding. Now price should keep going back up to the 50% zone and sell off again if it fails to going higher.
Looks like there is some pressure to go up. We'll see soon enough.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_.png Size: 27 KB
  • #4,163
  • Aug 3, 2020 3:28am Aug 3, 2020 3:28am
Quoting chamane
{quote} Looks like there is some pressure to go up. We'll see soon enough. {image}
yes indeed. Every time when i see a big V or inverse V, i become not confident at all.

but EU needs to form the right shoulder before it back down deep again.
Whatever is happening right now has happened before and will happen again.
  • #4,164
  • Aug 3, 2020 3:30am Aug 3, 2020 3:30am
Quoting mnmnmmnnmnmn
{quote} yes indeed. Every time when i see a big V or inverse V, i become not confident at all. but EU needs to form the right shoulder before it back down deep again.
I'm watching eu too with you guys let's go
  • #4,165
  • Aug 3, 2020 4:02am Aug 3, 2020 4:02am
UsdChf:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 29 KB
  • #4,166
  • Aug 3, 2020 4:07am Aug 3, 2020 4:07am
Quoting chamane
{quote} Looks like it. There is a clear bearish trend as seen from Weekly to 4HR charts. The HD pattern is under development. On the 1HR chart, we see a doji candle followed by a strong bearish move. It can be an entry signal, but I prefer to wait for MACD to cross the zero line for a confirmation. It's a personal preference. {image}
Nice RD on H1:
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH1.png Size: 25 KB
  • #4,167
  • Aug 3, 2020 4:09am Aug 3, 2020 4:09am
eurusd just made a double bottom h1 and closed above the neck now, we going up
  • #4,168
  • Aug 3, 2020 4:26am Aug 3, 2020 4:26am
still waiting on EU....no LH was broken yet on H1 and no MACD signal
  • #4,169
  • Aug 3, 2020 6:19am Aug 3, 2020 6:19am
The HD pattern no longer valid for me on EURUSD 4HR.
Attached Image
  • #4,170
  • Aug 3, 2020 12:40pm Aug 3, 2020 12:40pm
Quoting chamane
The HD pattern no longer valid for me on EURUSD 4HR. {image}
I am riding it up bro. Daily order block the h4 low I consider the previous one u draw. There's HD there h4
  • #4,171
  • Aug 3, 2020 1:42pm Aug 3, 2020 1:42pm
It looks like CADCHF is still valid:
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFH4.png Size: 27 KB
  • #4,172
  • Aug 3, 2020 2:18pm Aug 3, 2020 2:18pm
Quoting vitall
It looks like CADCHF is still valid: {image}
Yeah I'm on that too
  • #4,173
  • Aug 3, 2020 10:04pm Aug 3, 2020 10:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: WeChat Screenshot_20200803210252.png Size: 189 KB


this pattern is strictly against many rules or principles.
but osma get negatively bigger and bigger, this also shows something.
Whatever is happening right now has happened before and will happen again.
  • #4,174
  • Aug 3, 2020 10:06pm Aug 3, 2020 10:06pm
Quoting vitall
It looks like CADCHF is still valid: {image}
vital,

this kind of Big V shape or reverse pattern has very low success rate to be honest. I failed many times on this, so now with two legs of the same length, dont trade. let me know if you agree or not because I can easily pull 100 examples prove that you're wrong. peace.
Whatever is happening right now has happened before and will happen again.
  • #4,175
  • Aug 4, 2020 6:05am Aug 4, 2020 6:05am
Time to bring my stop loss to breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 28 KB
  • #4,176
  • Aug 4, 2020 5:17pm Aug 4, 2020 5:17pm
Quoting OdaChristia
Yes, your analysis is fine, but you don't just have to look at divergence, you have to make a combination of context with divergence. Price may retest somewhat before crossing that resistance trend line. In my opinion, if the price is a little lower, then if you open the trade, the risk-reward will be better. So you have to do this with a little patience.
Sometimes I trade following a Cost Averaging approach (here's a link to the whole technique I use). In that case, I would look at the 5 min chart and take bullish trades whenever MACD crosses the zero line as long as MACD is positive on the 1HR chart. That way it would consider any retest price might want to do. Unfortunately, I was unable to monitor the 5 min chart today, that's why I moved my stop loss early on the 1HR TF.
  • #4,177
  • Aug 5, 2020 9:57am Aug 5, 2020 9:57am
NZDUSD:
Attached Image
  • #4,178
  • Aug 5, 2020 10:21am Aug 5, 2020 10:21am
Quoting vitall
NZDUSD: {image}
"6:00 NZD Inflation Expectations q/q"- it's big news for NZD are coming...
  • #4,179
  • Aug 5, 2020 5:18pm Aug 5, 2020 5:18pm
Quoting vitall
{quote} "6:00 NZD Inflation Expectations q/q"- it's big news for NZD are coming...
Big news are coming for GBP also at 2:00am ET and 7:30am ET. Although there is a nice bullish HD pattern developing on the 1 HR chart, it would be wiser for me to wait and look for another setup.
Attached Image
  • #4,180
  • Aug 7, 2020 4:16am Aug 7, 2020 4:16am
USDCAD:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 18 KB
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