Divergence spotted for the soon to be expected trend change into upward movement.
It's very likely this will happen within several minutes.
We will get confirmation from either a doji or afterwards when the MACD crosses the zeroline.
It's very likely this will happen within several minutes.
We will get confirmation from either a doji or afterwards when the MACD crosses the zeroline.
Trade closed: target reached:
172 pips up, MACD crossed over and price is beginning to drop in sync with both MACD and RSI indicators. This was a nice short-term trade.
Note to self: earlier entry on the divergence may have been possible, but I was not confident enough because I lack skills in spotting trend reversals just yet. I may need to zoom in on the 1M timeframe to spot the doji there since it was clearly visible @ around 15:13 (local).
Note to self: earlier entry on the divergence may have been possible, but I was not confident enough because I lack skills in spotting trend reversals just yet. I may need to zoom in on the 1M timeframe to spot the doji there since it was clearly visible @ around 15:13 (local).
