RSI Divergence with Bollinger Bands

This journal is for my Divergence Trades. Trades are only EURUSD, GBPUSD, AUDUSD, 1 H. Price is making a new high, touching upper Bollinger Band (20,2), RSI (9) is 80 or more. The next higher high of price, RSI is making a lower high. This is done with price action (inverted hammer, BEOB, DHLC 2 Pip Difference).

Entry next bar, SL High of inverted Hammer+1 Pip +Spread. 1:1 Exit first hlf, 1:2 SL1:1, 1:3 Exit rest.

Entry1,30090, SL1,30649

Let us see what happens.

Good focus...ok let's see how it goes...i'll be following your trade coz no harm trying..

Thank you for following. The inverted hammer was very long, so the Entry SL range large, but we want to stick with the rules. 1:1 exit with the first half was missed by 1 Pip, so still in with full position. Important to know, tha the Bollinger bands are risingtill the first high, but when we reach the higher high, between the first and second high, BB is turning direction. This shows, that momentum is slowing down. It belongs to the rules.

The first Trade this year was in GBPUSD. Entry 1,5285, SL 1,5233. First half exit 1,5337, Exit second half 1,5337 (SL). Two Trades till now this year. First +1%, second still running...

In the Chart of the Trade first arrow isno trade, divergence but no price action, second arrow is trade, divergence again plus hammer.

First half exit 1,2952.

SL was reached, 1,3065 for the second half.

RSI reaches 80, Price makes a new high which touches upper BB, next new high after upper BB changes direction, inverted hammer so the rules are made, short by the rules 1,5705, SL 1,5736.

First target reached at 1,5673, first half closed

2:1 was missed by 1 Pip. 1,5642 instead 1,5641. So SL is unchanged.

SL reached 1,5736 second half out, third trade break even Trade

Trade 1: 1,30219 (EURUSD)
Trade 2: 1,5347 ( GBPUSD)
Trade 3: 1,5683 (GBPUSD)

Any new set up in EU?

Thanks for the reply. No, the set up is still Divergence with the rules that where explained in my bad english in #1. I am testing since a longer time a new money management rule, that I want to follow in this Journal. It's only for testing. I still use the rules 1:1, 1:2,1:3. But I am looking allways if I find something better. But before using I will test it a year or two.....

with 1,3187, SL 1,3159

As of now, do you see any TP for this trade.

I don t see a target price, we have rules. So the first target ist met by 1,3215 (1:1), I sold the half. Let us see whyt happens with the econd half.

waiting füor the exit of the second half by the rules.

SL closed position